The Nikon software will show you the effect when you view raw files. It will show you any camera jpg settings too even though you are working with a raw file. I've read ADL at the higher settings will adjust the exposure slightly as part of the ADL process and that will affect your raw, because its not a nikon setting, but a tweak of the actual exposure. I don't have a specific source, but google "nikon adl will adjust exposure" and you'll see lots to read about it.
edit... just to clarify, if you are NOT using Nikon software AND shooting raw, that tweak of exposure is undesirable. Something like Lighroom would show the exposure altered, but the rest of the process would not be applied. So its better to leave it off