QUOTE (DVDdoug @ Jun 10 2009, 14:02)

If you forced me to place a bet, I'd put my money on "no audible difference" between the two methods. In fact, you may not hear any difference between the CD (or WAV rip) and the 192kbps copies (in a blind ABS test). The rule-of-thumb is "avoid transcoding between lossy formats", and I try to follow that whenever possible. But it's not always that bad.
Along those lines (not to thread-hijack):
I have some source files that only exist as 256 MP3/AAC (Amazon & iTunes) -- I want to trim them down to -V5 or -V4 with lame to save space on my mobile devices (I keep the best quality ones separate for squeezecenter) ... are there any other settings I should consider when re-converting them ? Or just send them through lame as I normally would?
Thanks!