When we used “latest” while having Android SDK 33 or 34 installed we randomly run into issues where things where build using Android 33, and as the Meta Quest currently only support Android Platform SDK 32 (12L), setting it is useful.
NDK API Level: yes you’re correct, you can install Android 26 (Oreo) if you like, but as Android 32 is the current supported platform for Quest (UE Android supports 33). Listing Android 12L keeps it current and simple to get people started.
A few people have followed this setup and its golden for them, I have wondered about the NDK Level as Meta Quest min is 26 indeed, but 32 is also marvelous.