Long ago, when storage was expensive, I ripped everything to AAC to save space. I’m now selectively ripping some CDs to FLAC. But only some.
Probably 85%+ of my CD collection is now available as a high-quality stream on Qobuz. For those, I don’t feel the need to rip them. Only albums that I can’t get on one of the major streaming services wind up on my NAS in FLAC format.
The added benefit of this is, using Roon, I’m much more likely to explore related music based on the metadata, leading me to explore more, as well as learn more about those artists I like.