After a coworker mentioned it, I decided to rip all of our CDs to FLAC so that we’ll have perfect copies and can always transcode to the latest file formats.
Last night I ripped a few CDs with dBpowerAMP Music Converter (dMC). Worked fine though it slowed the computer down a lot. My coworker told me today that he tried dBpowerAMP last night and found it to be much slower than the commercial ripper that he bought. Also, the compression level setting had very little effect for him. So I will probably look into the program that he has.
Incidentally, can anyone recommend a good FLAC ripper for OS X?