QUOTE(Matt Bowker @ April 16 2008, 12:37 AM)

Both 1 and 3 will turn back button focusing on. On my 30D (99% certain it's the same on the 5D), 3 will allow you to hold the * button down to lock your exposure in. Come to think of it, I actually like that better so I'm going to switch to 3. You just have to decide what works best for you.
What lens are you using and what is your aperture set to? If you're dealing with a 2.8 or lower aperture your depth of field is going to be really thin, which leaves very little tolerance for moving subjects.
Okay, now *I'm* confused! On the 5D, 4:1 is "AE lock/AF" and 4:3 is "AE/AF, no AE lock" which seems to mean 1 is both AE and AF lock, and 3 is JUST AF lock...? But I tried setting it on one and then the other, and it doesn't seem that either locks exposure. I don't really want it to... just want to understand.
Okay, nm, I think I got it... when set on 1, (AE lock/AF), the * button focuses, then when you depress the shutter halfway, the exposure is locked.