For what it's worth, using LAME 3.97 alpha 11, I encoded several different professionally recorded voice recordings, male and female. I played with CBR, ABR, and VBR, mono and stereo, and resampling. I came up with the following:
I prefer VBR over ABR or CBR.
I prefer mono over stereo.
I prefer resampling at 22kHz more than any other rate (unless you consider 44kHz and a highish bitrate).
I have settled on: LAME -V6 --vbr-new --resample 22 -m m
I have been getting a mean bitrate of 47kbps, which amounts to about 20MB an hour (this is better than what I have been using for a while with another LAME version, averaging 56kbps). Does the encode sound the same as the original? No. Does it sound good enough to me and a couple of other folk here (all mid 30s)? Yes.
Exactly the commandline string that I settled on myself, earlier today, for encoding sermons to post on my church's website (I'm the sound guy at my church). Glad to see someone else using it.