Difference in archive formats?

Archive Utility Preferences

  Use archive format:

  • Zip archive: A Zip file (.zip).
  • regular archive: ASCII cpio archive (.cpio).
  • compressed archive: An ASCII cpio archive, but gzip compressed (.cpgz).

Note that the Compress "folder" option in Finder always creates a zip file. To use the other options you have to open Archive Utility directly and drag-and-drop things onto the icon in the Dock.