The "Comparing CodeWarrior with Kinetis Design Studio" link was very useful. Thank You.
I had assumed our KDS 2.0 installation was setup to use newlib; however, I found that it was using newlib-nano by default. There are still many significant changes to make to a Codewarrior/EWL project to move it to KDS2.0/newlib-nano that make the effort time-consuming. The reason we were considering it was that A) KDS is free and B) Codewarrior will be no longer updated (in favor of KDS).
We were told at a recent Kinetis training session that Codewarrior will be sidelined in favor of KDS in the future.
Again, thank you for the useful information.