Do you think waste_original is a killer sample? I can hear the difference --> original --> preset insane
(ABX15/15) . Preset standard work fine on this sample with all versions, but not perfect.
Another one: mama_original.flac (just guitar strumming)
Lame 3.98b3 & 3.97:
preset cbr 128 --> worst, described as "warbling"
-V 5 --> less warbling, audibly there, no alternative !
Lame 3.96:
preset cbr 128 --> better, slight warbling
-V 5 --> same
Lame 3.88:
-128 -q 2 --> best in my opinion
If I had to choose a version, it would probably be 3.96 with -V 5 or 3.88 with -b 128 -q 2 for mp3 at low bitrates ~ 128kbps.
Addendum: Second test I used Sony CD-MDR 370 headphones, at night. 3.96 with V 5 --> slightly more worse than --preset cbr 128.