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!

read up on hydrogenaudio.org

your best choice would be if you use Exact Audio Copy + lame encoder with --alt preset standard settings