I’ll offer a different perspective. There are a few grad programs which are highly dependent upon GPA and standardized test scores: Law and Medicine. If you are interested in either of these, then going to a grade deflating school will certainly not help.
Now I know the deflationary policies at Princeton have improved in recent times, but I still have heard some grumblings. Now you might have some admissions committee members who are familiar with Princeton’s grading, but for the large portion, expect no extra points. They do understand that overall GPAs from engineers/hard sciences are lower than other majors.
It sounds like you are interested in MBA in the future. In this case, your work experience and GMAT score will matter much more. Your GPA will be looked at, but not to the same level of scrutiny.
If during RD round you are accepted into a college that has inflationary practices (ie Harvard, Columbia, Yale, etc) then you’ll face a difficult decision. Its a choice that many would love to have.