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Just a couple of observations and my .02 worth. For archival purposes, any compression algorithm that isn't a true "lossless format", should probably not be considered. MP3 may be OK for playback for most, but not for archiving. FLAC, is generally the de facto "lossless" standard these days (SHN being another good one), and .wav (uncompressed), is a good choice also (with space considerations being the only down side). Now, here comes "somewhat" tricky part with "ripping the audio" files from the CDs in the first place (something that I usually avoid if possible). The "audio format" of a CD does not have "check sums", etc. (like "data" files), so there is NO way to be 100% sure that ANY software will "rip" the file with 100% "bit for bit" accuracy each and every time. This "ripping software" is the most critical piece of the equation, and since I'm not current on the "latest & greatest", I'll defer on that one. Lot's of info out there if you're interested...hope this helps. (I've done quite a bit of "live show" mastering, dat > cd transfers, etc., and CDs have always been the weak link "end of the chain" due to the format of the data being stored.)
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