Blindjim, you wrote: "Another thought here is, FLAC allows you to select the bit rate...".
It seems to me you are mistaken. You cannot choose the bit rate, but you can choose the level of compression. Also, there is no such thing as "the usual default of 768". The resulting bit rate of a FLAC file depends on the complexity of the music (for example, jazz be compressed more than heavy metal) and the choosen compression level.
It seems to me you are mistaken. You cannot choose the bit rate, but you can choose the level of compression. Also, there is no such thing as "the usual default of 768". The resulting bit rate of a FLAC file depends on the complexity of the music (for example, jazz be compressed more than heavy metal) and the choosen compression level.