ATTN: Audiophiles (Concerning Ripping Music)

A question to you truest lovers of music:

I'm ripping CDs with CDex.
As opposed to CBR 320 kbps, which takes up a ridiculous amount of HD space,
How EXACTLY should I set my options to free up space yet preserve superior audio quality?

Thread Priority:
Encoder
Version:
Bitrate Min:
Bitrate Max:
Mode:
Quality:
On-the-Fly (y/n):
VBR Method:
VBR Quality:
Output sample rate:

Thanks for your input!

>>10

So? Again QUALITY <-> SIZE chose one.

You cant have both, just shove the music you want on you player, dont hope or want your whole libary with you.