The space it takes up is negligible in the modern era of cheap SSDs (and even cheaper hard drives).
The main benefit is not in being able to hear a difference from 320Kbps mp3 (I know I sure can’t), but knowing that you can re-encode the file as many times as you want, without any quality loss (assuming you’re going from lossless to lossless, of course). Or create an mp3 from the flac file at any time, with the same quality as a ripped CD.
So basically FLAC is great if you produce/edit/re-encode your music files often. If you don’t do any of that (and have no plans to future-proof your music collection), then 320Kbps MP3 is more than adequate for your needs.
The space it takes up is negligible in the modern era of cheap SSDs (and even cheaper hard drives).
The main benefit is not in being able to hear a difference from 320Kbps mp3 (I know I sure can’t), but knowing that you can re-encode the file as many times as you want, without any quality loss (assuming you’re going from lossless to lossless, of course). Or create an mp3 from the flac file at any time, with the same quality as a ripped CD.
So basically FLAC is great if you produce/edit/re-encode your music files often. If you don’t do any of that (and have no plans to future-proof your music collection), then 320Kbps MP3 is more than adequate for your needs.