I’ve only used the topo’ stuff to retopo a mesh rather than merge meshes,
so my advice here isn’t worth much…
But as I understand it, you work at (say) subdiv 2, for the retopo/merge,
then use a higher subdiv when you actually make the adaptive skin. The
Projection button is used to recover the detail (in other words the higher
subdivs).
So if you retopo at subdiv 2, and use a “Density” of 4 when you make the
Adaptive Skin, you should get a final mesh at (effectively) 5. Using the
“Projection” option should recover all your detail in that mesh.
I imagine that to preserve detail, you may have to re-arrange topology
in some areas, in addition to welding the two meshes. I’ll admit it’s not
a simple process.
With luck though, you might even be able to recover one subdiv lower by
using Reconstruct Subdiv on the final mesh.
I’m kind of assuming here that your objective is to preserve the higher
level detail rather than the low res mesh?
G.