this post was submitted on 23 Oct 2023
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It completely depends. 320kbps CBR or V0 VBR should be audibly transparent under just about all conceivable circumstances, and that's still a fraction of the size of a typical lossless FLAC. Under the vast majority of conditions (humans, gear, audio and listening environment) you can safely get away with lower bitrate with no ability to reliably tell the difference in a double-blind test. You don't collect lossless audio for audio quality during normal playback, you collect it for archival correctness (and because space is cheap).
My personal library weighs in at 476GB currently, so please don't mistake me for a FLAC hater.