This is several years old, but I think the advice is still valid.
http://www.computeraudiophile.com/content/309-computer-audiophile-cd-ripping-strategy-and-methodolog...
The TL;DR is use dBpoweramp or some other ripper with AccurateRIP support and rip to FLAC for your archive copy. Feel free to convert to other formats (like MP3, DSD, etc.) in another directory as needed to support your various playback devices.
http://www.computeraudiophile.com/content/309-computer-audiophile-cd-ripping-strategy-and-methodolog...
The TL;DR is use dBpoweramp or some other ripper with AccurateRIP support and rip to FLAC for your archive copy. Feel free to convert to other formats (like MP3, DSD, etc.) in another directory as needed to support your various playback devices.