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When emitter location systems measure time-difference-of-arrival (TDOA) and differential Doppler (DD) by coherently cross-correlating the signal pairs, data compression techniques are needed to facilitate data transfer of one of the signals to the receiving site of the other signal. Two block-adaptive quantization schemes are analyzed here to determine their impact on the signal-to-noise ratio (SNR) of the quantized signal as well as on the post-correlation SNR. Comparisons are made between two approaches: quantization of the real/imaginary (R/I) components or the magnitude/phase (M/P) components. For the M/P approach, a rule is derived for optimally allocating the bits between the magnitude and phase. The M/P approach provides better post-quantization/precorrelation SNR for most signals; however, when the SNR of the signal not being quantized is small, the post-correlation SNR can be largely unaffected by the quantization. In that case, there is little difference between R/I and M/P, even under the most favorable scenario for M/P.