Hello,
What will happen if we check this option? Let's say we have existing AV&AS plus PTP installed. Will it keep AV and AS SEP 11 features without adding the latest features of SEP 12 such as Download protection or it will be added?
Download protection is part of SEP 12.1 and it would be installed. Check this Article:
How Symantec Endpoint Protection protection features work together
http://www.symantec.com/docs/HOWTO55268
Will it still add the SONAR protection features of SEP 12 for PTP?
Yes.
If you are planning to upgrade or migrate to Symantec Endpoint Protection 12.1.3, please take a look at the latest how-to article created by our very own SEP content council team.
Best practices for upgrading to Symantec Endpoint Protection 12.1.x
http://www.symantec.com/business/support/index?page=content&id=TECH163700
Upgrading or migrating to Symantec Endpoint Protection 12.1.3 (RU3)
http://www.symantec.com/docs/TECH206823
Secondly on a kind note: Symantec encourages you to install all the features on the client machines.
Symantec Endpoint Protection Recommended Best Practices for Securing an Enterprise Environment
http://www.symantec.com/docs/TECH166816
Hope that helps!!