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Remember..

FLAC is a more universal and open codec, but has quite a few different implementations that can and do sound differently, at least according to the chatter I’ve read on the subject. I don’t care much because I use Apple Lossless, iTunes, iPods and devices that are compatible with these systems, which FLAC is not. FLAC is far too DIY for my tastes.

Bottom line if space, time, and money (as it translates into disc space and rip time) aren’t a consideration rip all files in WAV. The only disadvantage is the lack of iTunes compatible-managable meta files and inability to bring in cover art (For some reason known only to Apple software engineers iTunes locks WAV files from receiving new cover art.) Also via iTunes you can make duplicates of WAVE files in Apple lossless and do all your metafile and cover art manipulations on the Apple lossless versions (that is what I do)