I've read with interest the various comparisons of encoders at different settings, but haven't seen much about the relative file sizes produced. I think it's important to compare formats based not on setting, but on the size of the files produced. Picking a particular lame setting because it's 'supposed' to be the same as a particular wma setting is not valid, if the wma files are twice the size as the lame ones.
So I've made a start on comparisons of settings by size, starting with ogg and wma. In the future I hope to include lame, and maybe more...
I've only just started, but as an example, ogg -q5 is nominally equivalent to wma 160kbps, but based on file size 5.11 would be more realistic.
http://audio.ciara.us/compare.htm
Cheers, Paul