When I convert and save to Jpeg and open in the image edit window the NR sliders in the Raw box are showing default settings of Luminance 1 Chrominance 4, but these are of course not adjustable as now I'm looking at a Jpeg. Is this right?
This shouldn't affect the jpg.
The other thing I've noticed is when looking at my converted Jpeg, is if I switch back to the original Raw and reduce the default sharpening of 7 to zero the two files do look almost identical now, is it possible that for some reason that sharpening isn't being applied when saving to Jpeg?
Normally, no.
Just to make certain: You are comparing at 100% view?
Here's a screenshot of a CR2 in DPP next to the converted image (jpg) in PS. Identical in my book:
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If you compare the Raw to the "out of camera" jpg, I'd expect them to be close, but not necessary identical to the converted jpg out of DPP (even with the same settings). The converted jpg however should be just about identical to the Raw in DPP. (minor differences possible when comparing to PS, but nothing major)

I've been viewing at the "Fit to window size" and when I have been looking at the 100% it wasn't back to back with the two samples to compare. Tony pointed this out yesterday, and I'm not sure how I missed it, and after Renes reminder I tried it, and what do you know, at 100% the two look identical as far as I can see. And when I responded to Patwill that I didn't down size, I wasn't thinking about the fit to window as downsizing, but I guess it is. Thanks for your patience with me.

