QUOTE(dcislander @ May 1 2007, 14:45)

I REALLY appreciate the advice. One question. It may seem silly, but I would rather look silly than assume wrong. Once I use Max to create the FLAC files, is it as simple as dragging the individual album folders into Itunes for importation into the Itunes library? Would Itunes read/recognize FLAC files? Also, will I then need to maintain 2 libraries, the one form the original Max rip, then the one I import into Itunes?
Lossless files are hellish bulky. If you do decide to have a lossless archive, a better strategy might be to keep those on an external hard drive. Those don't cost a lot per MB of storage compared with most other storage methods. And you have the advantage that most external hard drives intended, and pre-formatted, for the Mac have firewire.
So if you want to use Max you could set it to spit out two formats at once - lossless (FLAC or Apple Lossless) and lossy (AAC or LAME MP3). You could then drag the lossless files to an external hard drive and only import the lossy ones to iTunes. I agree with the others who said that there's no real problem with Apple Lossless; but FLAC is far more widely used, and it looks like Apple itself is going to support FLAC in OS X Leopard, so that's what I use.
The main use for the lossless files is for archiving rather than listening - as you said right at beginning, to be able to "rip into a format which can be used for years to come". However, you can still listen to them. It is possible to run two iTunes libraries in different locations, though not easy to set up. Or you could simply use a different player when you want to play the lossless files. For example, there's
Cog. Cog can play either Apple Lossless or FLAC.
Here's another matter that hasn't been broached yet that you may want to think about. Some people like to have their archival lossless rips encoded as single files with an embedded cuesheet, because it's felt that this better mimics how the original CDs are organized. FLAC supports this. And Max can encode in that fashion: you just open its preferences and check the boxes "Rip to a single file" and "Generate a cue sheet". To play these you need a player that supports cue sheets. In effect, it's just like playing a virtual CD. You drop the file on its icon, like putting a CD in a player, and the player will look at the cuesheet and tell you the number and lengths of tracks, just like a CD player.
At the moment, I think the only player for OS X that will play single FLACs with cuesheets is the open source Japanese player XLD:
http://tmkk.hp.infoseek.co.jp/xld/index_e.htmlThese single FLACs can be split into individual tracks, and transcoded into some other (e.g., lossy) format, if necessary and XLD can do that, too.
Maurits will know about this better than me, but my guess is that Cog will add support for cuesheets, and Max's developer also has a player in the works called
Play. I'd expect that to, as well. It's interesting to see these changes going on - interesting times in the digital audio world.
I'm not suggesting that if you do want to encode losslessly - which you mightn't anyway - you should encode to single files rather multiple tracks. But it is an intriguing option to think about. AFAIK, most of the guys on Windows, who have more tools available to them, have had the option for some time and like it very much.