RGS,
Excuse me if I'm stating the obvious but if the lab is sending you Jpegs, then you're not going to get any better quality than that and probably not any better file compression either so there is no reason that those can't serve as your true masters.
Now if you're making edits in Lightroom and you want to save those as a "secondary" master, then that's something else:
- If you want the most "standard", weirdness-proof, and compatible file, I would go with TIFF.
- If you keep your original Jpegs as your primary masters (and I suggest you should), then you might accept the slight risk vs filesize trade-off and go with DNG. The DNG can actually contain your original Jpeg plus the non-destructive LR edits.
- An alternative similar to DNG but different that LR allows is to edit a Jpeg directly. LR will store the non-destructive edits inside the Jpeg. I personally would not use my Jpeg originals, however. I would use Jpeg copies.
For that last two alternatives, be aware that not all editing/viewing apps will read DNGs (and some raw converters that will read camera DNGs will not read Adobe-created DNGs) and non-Adobe apps will ignore LR edits that have been embedded in a Jpeg.
Here are interesting some blog posts from John Nack at Adobe if you haven't already ran across them:
http://blogs.adobe.com/jnack/2007/02/nondestructive.htmlhttp://blogs.adobe.com/jnack/2007/03/converting_jpeg.html