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I chosed VBR0 because it's best, especially for portable players, and no real advantage over 320kbps.
The main advantage of V0 is smaller file size. It will use high bitrates only when necessary, whereas 320kbps CBR will use 320 to encode silent parts or simple "easy to compress" passages, as well as complex passages where you might really need 320.
Apparently file size is not an issue for you, since you've been using FLAC. Go ahead and use V0 or 320kbps even if it is "overkill".
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i saw on the spectogram that the higher parts of the tracks have information erased (cut-offs). Disabling the filtering under settings can make the mp3 use full frequency levels?
...Also i have saw OGG format don't cut-off frequencies at same bitrate as mp3. Can't this frequency cut-off filter be disabled to make the output perceived quality better?
These are all lossy compression schemes and they are all going to throw away data. All of these formats also rely on psychoacoustic algorithms to determine what data can be thrown-away without affecting sound quality. It's usually best to let the algorithm do the work instead of manually forcing it to do something.
AAC is
supposed to be "more advanced" than MP3. (Probably OGG too, but I don't know much about OGG.) However, at high-enough bitrates
all of these formats should sound identical to the original uncompressed file in a blind
ABX test. So... you don't need a more advanced format unless you're trying to squeeze the best quality into the smallest file size.