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CBR 256 stereo should produce the same quality as 128 joint stereo?
No.
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Does it use in stereo mode 128 for each channel?
I don't understand the question.
Just to make something clear... The difference between Simple Stereo and Mid/Side Stereo used in Joint Stereo is the following:
For Stereo, the audio is splitted into a left and a right channel which are sharing bits. That means that if you have selected 128 kbps for example and the left channel needs more bits than the right one, the encoder can assign 80 kbps to the left one and 48 to the right one. This is unlike Dual Mono where each channel is encoded at exactly 56 kbps (if 128 kbps is the target bit rate).
For Mid/Side Stereo, the audio is splitted into a middle and a side channel. While the middle which holds the sum of both channels gets more bytes, the side channel which only stores the difference between the left and the right channel uses less bytes. Mid/Side Stereo encoding is theoretically lossless (a very minor loss MIGHT be caused by rounding).
Edit: I think I understand your question now... The selected bit rate is the total bit rate for both channels. That means that if you have 128 kbps, the total ammount of bits available is shared.