Why RAF behaves differently from most raw files
Fujifilm did not build RAF on TIFF like most raw formats. It wraps the sensor data in an Exif-based structure with a custom layout, and that is why RAF has a history of upsetting converters: tools that assume the usual container read the wrong offsets and report strange dimensions or a broken preview. LibRaw has a dedicated path for RAF, and that is the decoder running in this tab.
Fujifilm's film simulations - Pro Neg Hi, Velvia, Astia, Classic Chrome - are stored alongside the raw data rather than baked into it. So a RAF converted here gives you the picture with the white balance recorded in the file and no simulation applied: a neutral full-resolution render rather than the look of the film mode you were previewing in the camera.