Only your ears can answer that question, but yes, that setting should be reasonably good. Be aware that some devices can’t play back VBR (variable bit-rate) encoded MP3s. Make one with that setting, then try one with 128K CBR and see if you can hear any difference. You can also load a preset, then edit it to see exactly what it does.
Thanks Arjan. I select Fraunhofer 320 kbps (Highest Quality), but in the encoded menu, I do not see 320kbps as a preset. The highest is 192 kbps. Am I misunderstanding something?
I’m using Wavelab Elements 9. When you’re going to export your file from .wav to mp3, do as follows:
After setting the mp3 Tags / meta-data (LOL a topic in itself)
Click on Export
in Format pick, not the Factory presets, but Edit
then I choose the following settings:
MP3
Match both Input Streams (assuming you want that)
Encoding - Fraunhofer - CBR 320 kbps
Inherit the meta-data (if you want)
Then I save it as preset called Mp3 320
Voilá, this gives the highest quality constant bit rate mp3 (huh, as far as my understanding goes).
Remember, your initial wav file has to peak at most, say, -1dB to avoid distortion when compressing from wav to mp3.