CEC allows your TV and sources to communicate over HDMI. So for instance if you turned on a disc player the TV would turn on and select that input without any commands from you. Sometimes it works sometimes not. If you have a problem then turn it off.
The PCM and compressed settings are usually to select the digital audio output type of the TV so it's compatible with the soundbar or audio system but I don't think your TV has a digital audio output. Try the settings to see if there is any difference. Compressed might limit the loudness of the TV for late night listening.