This is for ACR 8.4 - Besides the various tools and enhancements that go with LR5/ACR CC, LR5 (like ACR CC) permits you to export/save your conversion to any color space profile, whereas (at least on the Mac) the CS6 version of ACR 8.4 only permits saving/exporting to sRGB, aRGB, ProPhoto RGB and ColorMatch RGB. This is similar to the previous crippling of ACR in previous versions of 8.x for CS6.
What has always been sort of interesting about this limitation is, if you have both CS6 and CC on the same machine and set ACR in CC to export to a custom profile (say, for example, Lab) then that same profile will be the set profile when you invoke ACR from CS6, even if it is not one of the four available profiles in the normally limited CS6. You also get Lab color readout and histogram.
This behavior is "interesting" because, under the same conditions of having both CS6 and CC installed on one's machine, if you invoke ACR from CS6 you DO NOT get the radial local adjustment tool, comparison views, etc. - that is, the expanded CC toolset present in ACR CC and LR5. I figure Adobe means to completely cripple new ACR features for users of CS6 (even if CC is also on the same machine), so I figure they must have missed the conditional version check for the export color profile.
Ssssshhhhh. I've said too much.
kirk