negritot
I had the same dilemma a year ago when I started my PC audio collection, & I was misslead by the same kind of post TempestGarden answered (see nothing bad),
so I started ripping in 128kbps & after several months when I finally understund how bitrate increase ... I deleted all & re-ripped in 160kbps ...
So I'll do my best to make you avoid this misstake:
Instead of trying to find a perfect bitrate (which is a myth) you would better ask yourself:
1: What is the minimum bitrate under which you would delete a rip ? (Crap Rips)
2: What is the maximum bitrate above which you woud delete a rip ? (Overkill Rips)
Here was my personnal answer 1 year ago:
1: 128kbps is (was) my min (it's not anymore now)
2: 256kbps is my max (as its 128kbps X2)
(& correct me if I am wrong but you seem to be not far from that very commun way of thinking)
At first look it seems logical so I started ripping at 128kbps ...
But this is forgetting how Audio Bitrates increases:
Range 1 - 0040-0048-0056-0064Kbps (+008Kbps Step) LQ-Streaming
Range 2 - 0080-0096-0112-0128Kbps (+016Kbps Step) MQ-Portable
Range 3 - 0160-0192-0224-0256Kbps (+032Kbps Step) HQ-Backup
ripping at 128kbps while you think the best audio range is range 3: 160-256kbps,
is a paradox ... if you push the logic further then 128kbps becomes obsolete for you because 128kbps is NOT a high quality bitrate ... & is NOT in the +32Kbps Step Range
now it depends on your use:
you said you used to rip at 192kbps, so you are a "range 3" ripper, you can save space by ripping at 160kbps it's safe as you don't switch of bitrate range.
but going 128kbps is a major choice as you un-noticably switch to one range lower...
95% people don't even know & notice that this is a major switch (even HA operators ... as some of my posts (maybe this one too

) get erased when I tryed to explain that fact)
but now I am not a stupid "anti" range 2: 80-128kbps ... what you need to understand is that each range as its optimized use ...
Range 3 is for transparent High Quality PC Backup
while Range 2 is for Medium Quality Portable (or Video)
I can't tell you which is better from 128kbps or 160kbps, it's weither you want Medium Quality or High Quality ...
1: if you can re-rip later & will only listen to the file on an Ipod, then go 128kbps
2: if you can't re-rip later & will listen both on PC & Ipod, then go 160kbps
The most important thing is that you know there is a hole between the target use of range 2 & the target use of range 3.
The "audio experts" help you are requiring will only (at best) tell you that transparency is most of the time reached somewhere between 160 & 192kbps
& that you have to "trust your hears" ... by a wonderfull luck both their listening tests & my strange bitrate ranges theory agree on 160kbps as minimum

... so ... that's all folks...
Hope it Helped, HR
for the full "strange bitrate theory" see also:
http://www.hydrogenaudio.org/forums/index....topic=27706&hl=