The conduit wont protect aginst EMI from the ac lines, Unless it were that metal conduit and you grounded it, Which is not very feasible.
The type of conduit you run basically depends on the situation. If this is new construction use solid conduit and make it as big as you can. And if possible find a way to move it away from the romex. In all reality tho, As long as your a good foot or so away and use sheilded cables your not likely to have any problems. I've seen some pretty sketchy installs that worked fine.