Actually bundle files don’t strip away any data. They go back to a time when it was a feature to have a way of containing all of a Projects data within a single file just like an archive. There was no winzip. And archive programs were run from the command line.
-The disadvantages to bundles is that you can only share with another Sonar user.
-Bundles can’t contain certain data such as AudioSnap and (V-Vocal I think) data. I’m not sure about any of the ARA data such as Melodyne, Drum Replacer or Vocal Sync.
-If a bundle becomes corrupt you lose all your data. There is no recovery tool.
-There’s a lot of talk about bundle files being inherently unstable but I’ve never seen any data just anecdotal accounts making the claim.
-To the last demo project included with Sonar they all have been in the bundle format so clearly Cakewalk didn’t have an issue with them.
Recommended process.
I think most people now do as below.
-Save as per project Audio folder, (I think it became the Platinum default for new projects) and if you must archive use something like Winzip (it’s ubiquitous) and if you do get a corrupt archive, there are recovery options in the major archive programs which usually let you recover/Repair everything. Sometimes even the file that contains the corrupt data. Usually an audio file.