Have you tried driving both? I suspect not, because if you had you wouldn't be confused. "Track" modes are nothing to be afraid of, they are just another operating mode of your car.
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@Matt27, I have a portion of my commute where PTM wet is objectively better than not in slippery conditions. I have to enter a 4-lane bridge which involves a tight right turn followed by a bumpy uphill acceleration zone. In the wet this area of road gets pretty slick, and combine that with the bumps it makes any two wheel drive car with traction control fall on its face. I prefer not to almost come to a stop when trying to accelerate up hill, and PTM wet, in those conditions, keeps me going.
PTM is simply a different approach to traction control...one that works really, really well. Your car has this amazing technology...why not use it to your advantage?