Proper compression options on EAC Options

[androdion]

Hi all. I've been using EAC to make CBR320 CD rips for a while now and I've been extremely happy with the way the program works. I currently use LAME 3.98.4 and EAC 0.95 with the settings configured from this internet guide which was passed down to me: http://fred.pouchayret.free.fr/eac-qs-en.htm

Now what I'd like to know is this. Am I losing anything by not using a more updated version of both LAME and EAC, and if so what is it that I'm loosing? In terms of CD to MP3 conversion will I notice any kind of difference by updating the program and encoder? One other thing I wanted to ask is about the compression options present in that same guide. How outdated are they? Or are they still valid?

And I mean these: -b 320 --add-id3v2 --pad-id3v2 --ta "%a" --tt "%t" --tl "%g" --ty "%y" --tn "%n" %s %d

Is there anything off with the versions and settings I'm using, and if so am I going to notice any difference in changing them?