i recently heard about wavpack, though, and have some questions:
1) For best compression, good decoding speed, cue file generation (is this possible when ripping separate tracks? if not, should i be ripping as images?), what is the best command line to eac in eac?cue file: No problem with separate tracks. Follow the way at
http://www.High-Quality.ch.vuI prefer personally separate tracks and have a cue sheet created by eac.
For best decoding speed (same speed as flac decoding) with better compression I recommend wavpack -x -m (+ the tag commands, see
http://www.High-Quality.ch.vu)(-x instead of the -h mode, which slows down the decoding to half speed).
2) Do flac or wavpack have better compression if both are at highest compression level?Wavpack -x or -h have clearly better compression than flac at flac -8.
best compression of flac: flac -8
even better compression by wavpack: wavpack -x -m
nearly best compression of wavpack: wavpack -h -m (but half decoding speed)
best compression of wavpack: wavpack -h -x -m (but half decoding speed & painful slow encoding)
Compared to best compression of flac -8, you win the most with wavpack -x -m or -h -m.
3) Do flac or wavpack have better encoding/decodig speed at higher compression level.Encoding speed:
(from Quickest going down to painful slow

)
flac -5
flac -8
wavpack -h
wavpack -x
wavpack -h -x very slow
Though besides the -hx setting all other settings are well usable, even with eg. old P3 computers at 600-800 MHz.
Decoding speed:
(from Quickest going down to slower)
flac -5, -8; wavpack -x have the fastest decoding.
wavpack -h & -hx have 50% of the decoding speed above.
4) Is it worth reripping all of my cds as wavpack to get the cue files (which i'd like so i can burn backups of my cds using eac, which has a write offset in it to prevent generation loss) and whatever else is offered?No, do not rerip.
well, it depends, if you want the cue sheet, as you had forgotten to create them ?
well again, if you ripped previously with eac according
http://www.High-Quality.ch.vu taking care of the correct appending of the gaps, then you don't even need any cue sheet for burning, as you could eg. use nero, drop the tracks to nero window, and set the gaps from 2 seconds to 0 seconds, besides the pregap of the 1st track, it is red-book standard, to have there the 2 seconds gap.
There are some exceptions, where this very simple nero burning method is not so perfect, as it could cut away some samples at the beginning, though you have the 2 seconds gap mostly without content, so no harm.
imo, because of those few samples, and cue sheet, I would not rerip.
In the future, from now on, I would rip with eac following
http://www.High-Quality.ch.vu with cue sheets to single tracks.
As written above, it will even not make much sense to transcode from flac to wavpack the older flac albums. The space win will not be too big. (Everything is relative, of course.)