In the Output Module Templates dialog box, choose a different output module template for RAM Preview.
Keep in mind that you can make your own output module templates, too, so you can create any output module template that you want and then assign it to RAM Preview in the Output Module Templates dialog box. I just tested with a PNG image sequence.
The documentation doesn't quite describe this capability...
only stating the options of uncompressed .avi or .mov(mac).
Save a RAM preview as a movie
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Any time that you see a deficiency in the documentation, please add a comment directly to that page, especially if you have the information with which to fill that deficiency. In this example, adding a comment on that page that links to this forum thread would be a good idea. That way, everyone reading that page will have the new and full information.
I went to do just that, and saw you had already taken care of it.