to answer your question which is on topic:
foobar would be better, because of its already included tagging system, and you can create a list of options in the converter settings which you want, so it makes you easier to rip/transcode.
foobar is a clever made all-in-one audio tool and, not to forget

, an excellent audio player / decoder.
There are 3 "laws" in Transcoding:
lossy to lossy => Quality loss, also if you convert to the same bitrate or even higher bitrate than the source [not recommended, nasty artifacts!]
lossless to lossy => Quality loss, Quality depends on lossy codec and its settings (recommended if you want to make lossy files)
lossless to lossless => no Quality loss; every single information is still saved after a conversion.
as a logical consequence:
lossy to lossless => no change in Quality, mostly useless [but not in case of de-/transcoding back to 16-BIt WAV for burning on Audio CD for example]
lossless formats / codecs are for example: FLAC, WavPack, Monkey's Audio, TAK, OptimFrog, Apple Lossless etc.
lossy formats are: MP3, Vorbis, AAC, MPC, Atrac 3 etc.
EDIT: I might be wrong, but I think RazorLame is no longer being developed, and it has its problems with newer Lame versions like 3.97 (there's always an error message at the end of the encoding because of the replaygain feature of lame3.97)