Any reasons NOT to use FLAC?, Time to rerip my CD collection. Fun! Options

[BFG]

Last year - when I didn't know any better - I decided to "archive" my entire CD collection as high-quality MP3s. Now that I realize archiving with a lossy encoder is a very bad idea, I'm going back to do it the right way.

I'm planning to use FLAC since it's free, seems to have pretty wide support, and the version of LAME I use for MP3 encoding supports FLAC inputs.

Are there any good reasons NOT to go this route:
CD --> Exact Audio Copy (WAV) --> FFmpeg (FLAC), retained
FLAC --> LAME (MP3), retained --> MP3Gain --> album art embedder

For example, is there any way to rip CDs directly to FLAC with EAC? If so, would it be possible to simultaneously create the FLAC and MP3? Will I be able to pass the album art (and other ID3 tags) from EAC to FLAC to LAME?

[BFG]

Thanks for the tip on dbpoweramp; I've never looked at it. Does it have a built-in method for minimizing errors on badly scratched CDs like EAC does? (Aside from AccurateRip, which I would assume they both can use.)