If you drag and drop the SVG file onto the view, you will be presented with a dialog, where you can choose to save and link the file into the image management or embed the SVG into the view itself.
If you choose to embed the image, it will convert it for you.
For views with many SVG's or very complex SVG, using the image manager is the recommended approach. Supposedly this helps with performance. In my experience I haven't had any noticeable performance issues, but I also haven't had views with numerous embedded SVG's or very complex SVG's. YMMV.
It makes working with the SVG elements inside of ignition much easier imo.