Looks like I've found a case where a single quote that should be converted to a closed single quote gets converted to an open single quote instead.
Code:
<p>"Hiranyagarbha means 'The Golden Embryo.'& #160;"</p>
gets converted to
Code:
<p>“Hiranyagarbha means ‘The Golden Embryo.‘& #160;”</p>
[[ remove the space between the & and the # in the code block above - I couldn't figure out how to get that to display right in this post ]]
Using a normal space instead of the non-breaking space gets the correct results.