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| In general, is AAC better per bit than MP3? |
Yes
Quote:
| What's your format of choice for ripping digital music? |
EAC/LAME -alt preset standard for sharing and everyday listening. FLAC for archiving.
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| Also, please provide info on your source and headphone setup. |
It's in my profile.
There is a great article about ripping and encoding
here
My advice is to rip everything to a lossless format. Hard drive space is cheap and getting cheaper, you can transcode to any other format without loss of quality and you will have a perfect copy of the CD. Having said that, -alt preset standard is very, very good (I can't tell the difference between APS and lossless in a blind test).
Never use 128k MP3s, there are obvious artifacts and APS is only around 50% bigger. Other formats like AAC, Ogg and MPC are probably better than MP3 at lower bitrates, but are not as widely supported. For the average person, you are probably better just sticking with MP3 or lossless IMO.