Hi!
In answer to Zealot's question, look a little further up this thread to the MP3Packer reference.
If you were to simply convert the files from 320 CBR to VBR with MP3Packer, you would loose no audio quality, but still achieve a shrinkage in filesize. The process doesn't involve any transcoding at all.
Try it out. It's free, and it's a very nice piece of software.

To give you a rough idea of the space saving to be had, I compressed a typical 3min 30sec late 90's pop song to MP3 in various flavours and noted the filesize :-
320 Kbps CBR MP3, 7.93MB
MP3Packer VBR of above file, 6.83MB
V0 VBR MP3 with 320Kbps max, 5.47MB.
So the MP3Packer file saved about 15% on filesize in this particular instance, with no quality loss.
On the other hand, a V0 VBR MP3 would be smaller still (by around 30%) and seems to be acceptable to even the most 'golden-eared' listeners. Well, those that can tolerate lossy formats anyway.
Experiment, but don't forget to enjoy the music.
Cheers, Slipstreem.