I'm not an audiophile. For me 192kbps is good enough at the time, but I get your Point. Space should not be a problem these days and why not go as good as possible. Maybe I'll change that in the future.

Like I described above I keep the FLAC Archive on a Harddisk, so if any day I decide to change my library format (e.g. to AAC to use FLAC), it is like one rsync, one import and one convert.