Ken,
I tried to post a comprehensive response to your questions, but gave up. My post was just under one thousand words long before I realized that it was mostly technological gobbledygook. The worst part was that I had written only 1/4 of what I had planned to type before giving up. I wonder if that's why nobody else has posted in this thread, yet. Trying to comprehensively cover a broad field such as burning CDs is daunting.
So, I'm going to give you the quick 'n dirty version of my advice, instead: If you want to copy music CDs, then get a fast burner (such as
this one which has gotten decent reviews). Keep your old CD-ROM drive if it's reasonably fast (i.e. 24x or faster). If not, then ridiculously fast CD-ROM drives are very cheap these days. Read your original CDs from the CD-ROM and write on-the-fly to the CD-RW. Any commercial CD-burning software will allow this.
Note that copying CDs can be tedious, especially with slow equipment. There are automated duplicators that can swap original and blank media in and out, but they can be expensive. I suggest that you go for the method that I mentioned above (i.e. two optical drives connected to your computer).
Last, but certainly not least,
use high-quality blank CD media! There has been at least one thread in the forum in the last month about this (I'd search for it, but the Search function is currently disabled). Bottom line: cheap CD-Rs are NOT worth it. Choose something like Kodak Ultima or another brand that is renowned for quality and longevity.
For more info about burning CDs, I suggest that you visit a few sites such as:
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CDRLabs (reviews and articles)
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CDR-Info (reviews, articles, and a good Audio CD copying section)
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CD Media World (news, reviews, how-to articles, etc. plus excellent info about blank CD media quality)
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CD Freaks (industry news, reviews, how-tos, etc.)
Note that these sites have good forums populated by members who are as knowledgeable about CD/DVD matters as those in Head-Fi are about headphones. Take advantage of their wisdom. I daresay that they know more about this kind of thing than most of us on Head-Fi.
Well, I hope that gets you off on the right foot, Ken. If you need more info, then either ask the folks in the CD forums, or email/PM me and I'll type out that diatribe that I was going to post here, but didn't.
D.