The zones of themselves will not give a site a dedicated IP address.
"Use the nameservers specified at the Domain's Registrar (ignore locally specified nameservers)"
This option will set the zone file to use whatever nameservers your domain name is using right now as according to WHOIS. You might do that if you are hosting your DNS some place else.
If you are using private nameservers and hosting your own DNS at GlowHost, then you would want to use the default option.
To change a site to a dedicated IP, you have to have free IPs available to do that. Then you would use the option in WHM to change a site's IP address.


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