I'm sorry. Did I say that?
Quantization is the process of converting continuous things (like tones in an image) into discreet quantities that can be represented by numbers. Computers create digital images by quantizing in two ways. First, by creating discreet pixels as everyone knows. Second, by assigning some number of discreet bits for each pixel. The result is that every time you edit your image small amounts of data are lost. These losses can be minimized by making sure you work in high resolution. That means lots of pixels and 16 bits per pixel. 8 bits is not enough!
The reason I advocate adjusting in the raw converter is that it's the place where no information has been lost yet so it's most accurate. The image hasn't been mapped onto a dreaded gamma curve yet either. The goal in any case is to produce the best 8 bit image you can for your desired output by carrying through the extra information and discarding it at the very end.
A note about bits per pixel. A camera produces between 9 and 12 usable bits per pixel with some as high as 14 bits. Ours typically offer 12 bits in the raw file although the D100 only has 10. 16 bit standard images only actually offer 14-15 bits but that's still enough to hold everything that the camera produces. An 8 bit image holds only 7 bits of camera data due to the gamma coding so when you work in 8 bit you immediately discard 5 of your 12 bits of hard earned data and chew further into that while editing. Don't do it! Sure, you only need 7 bits for output but make sure it's the right 7 by keeping the extra ones around as long as possible.
There's a common belief that you can adjust as much as 2-3 stops of exposure error in a raw converter. Well, this is where it comes from. You aren't really able to do that so much as you can choose which bits from the camera go to making your final 8 bit image. If you are going to throw away bits (which you are) make sure you're the one picking them; not the camera and not the computer. The camera is far better and more forgiving of our inability to operate it than we realize. They are amazingly powerful devices that offer plenty of usable resolution but we need to make sure we don't waste it through foolish processing techniques that are all too common.
Hope that makes sense.