I figure lower bit-rate encodings are more suitable towards lots of music with synthetic tones (trance, electronica) but will do poorly on (believe it or not) metal, complex orchestral music, etc. Not to mention if it is real instrument or vocal music that you are familiar with it is much easier to differentiate because you can simply say, hey that isn't supposed to warble or sound like that. Since my preference leans towards the latter, my minimum preferred encoding is 192 VBR with Lame (i.e. standard preset I believe) with some marks off for being CBR at that bitrate, and many marks off for being stereo instead of joint stereo. I won't hold onto anything less, and if anything I'm being pretty lenient in my standards compared to some.