Timrhu - Itunes doesn't rip bit perfect even with error correction on. Some of my CDs have bad scratches and MAX with "do not allow to skip" option refuses to rip them (rip gets stuck and never ends) while Itunes have no problem with it.
I have experienced this with two of the cds I was importing. I had to power fail the Mac to stop the loop.
I don't hear any difference between original and copy either - no matter how extracted. It is possible that my ears are less than perfect (most likely!) but also amount of missing (interpolated) data might be either small or concealed really well.
I'm in the same boat with the hearing. Don't hear a difference but then again I don't care to sit and compare. Not my thang.
I just use bit perfect (MAX) method to do things by the book (best I can). Knowing that I stored perfect Master of recording and not the copy is important otherwise copy of the copy will follow.
Of course you know you're making this more complicated. I will look into your method and if I can figure it out, give it a try. My intention with the pc audio was to find a simple, hassle-free method to listen to music. No more hunting through the shelves of cds to find something to listen to; maybe just select "shuffle" and see what pops up, I like this on my ipod.