CBR or VBR, and what bitrate to use
Constant bitrate spends the same number of bits on silence as on a full chorus. It is predictable, which is why some hardware players, older car stereos and streaming setups still prefer it. True variable bitrate spends bits where the audio is complex and saves them where it is not, giving better quality per megabyte on almost anything. As a practical guide: 320 kbps CBR for music you care about, V0-class VBR for the same quality at a smaller size, 128–192 kbps for speech, and 64–96 kbps mono for a long lecture you just need to hear.