Like most people here, I store my audio in FLAC, and for similar reasons. When I have 7+TB of space, then a few 100GB for FLAC is a no-brainer. I encode down to OGG normally to put on my phone, and stream from the server when I'm at home (no point duplicating the data) since I have a gigabit network that handles it fine. I agree that nobody can hear the difference between 160 and 192Kbps, especially VBR, though some people can hear the difference between 160 FBR and lossless FLAC but they are few and far between.