Extract using
EAC in secured mode (if rom drive is capable), which should result in the most errorless extraction possible.
Nextly, encode using
LAME.
Using "--alt-present-standard" as the only parameter, the result will be extremely high quality VBR mp3's that typically average around 180-220kbps, depending on type of music, while maintaining the high range quality of 256-320kbps CBR.
EAC has an option in the program to encode files after/during the rip, however, I prefer to use
RazorLame in batches after I'm done ripping several CD's that way I can just let lame do it's thing while I go do something else for a little while.