. This is my first post here, so be gentle. 
. I did use the Search, but obviously I don’t know enough about the lingo to know which keyword(s) to use - I either got nothing or 100’s of hits with topics that didn’t seem appropriate.
. I even tried the FAQ and scanning several different forums, but could not locate what I’m looking for.
. I know the info is on this board somewhere (there is soooooo much info here! That’s why I bothered to register and ask), I just can’t find it. If someone would point me to the right thread(s), I’d sure appreciate it. Oh, wait, as a newbie, I’m supposed to ask you to e-mail detailed instructions. 
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. I own about 300 pressed audio CDs of which I want to make “archival quality” backups/“masters” that are smaller than the CD files. I would also use the “archives” to create “psychoacoustically accurate” MP3s for general use. Archive files should be able to re-create exact, bit-for-bit copies of the CD file (or at least very, very close). I don’t have a Golden Ear, but realize that the better the original, the better the copy. It would be nice if MP3 would work for the “archive” files, for greater player compatibilty and the tags. Or would I be better off using the native (CDDA?) files (I have 200+GB available, but would like to keep the number of DVDs required within reason)?
. My plan, at this point, is to rip the CDs to “archive” files and burn to DVD, encode “archives” to high-quality (192K?) and normal-quality (128K?) MP3s, then delete the “archives” from the HDD.
. I’m running a PentiumD/2.8GHz/2GB/250GB(SATA), WinXP Pro/SP2/current updates, so horsepower is not a problem. I’m assuming that, for my purposes, the disc reader is not terribly important (within reason) - if I’m wrong, please let me know.
. I’ve ripped a few CDs with iTunes at 128Kbps which sounds good in the car ('67 Mustang - not exactly acoustically-friendly), on the older PC, or as background music, but just doesn’t quite hack it when I really want to listen. I’ve shut that project down until I can figure out what I’m doing.
. I found out about EAC here and downloaded it, so that should take care of getting the raw data from the CD. Now I need to find out about codecs, sample rates, bitrates, &c. Right now, my biggest question is what settings are needed to make “MobileFidelitySoundlabs-quality” (or whatever the modern equiv might be) MP3s? From what I’ve read, 192Kbps seems to be a popular setting, is my friend really accomplishing anything by encoding his MP3s at 320? My calculations (44.1Ksamples/s x 12b/sample x 2 channels) say the bitrate on a CD is 1058400bps (132300Bps or 129.2KBps) - why does 128K sound so bad?.
. Any suggestions/recommendations/answers will be appreciated, but a point in the right direction is all I’m hoping for. I’m trying to be a nice Newbie.
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. Oh yeah, I’m also looking for a software RIAA equalizer and impulse noise (tick & pop) filter. I have 3000+ LPs in storage and would like to digitize some of the stuff that’s not available on CD. I have a good phono pre-amp, but it doesn’t have the RIAA eq. Anyone have a URL for a LP->digital How-To site/page?
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. TIA
HagenB