Music Server format?

DB power amp IMO is thd best for burning yo a HD and allows a very high quality uncompressed #8 flac file. Very close to wav without all the space .

This is several years old, but I think the advice is still valid.

http://www.computeraudiophile.com/content/309-computer-audiophile-cd-ripping-strategy-and-methodolog...

The TL;DR is use dBpoweramp or some other ripper with AccurateRIP support and rip to FLAC for your archive copy. Feel free to convert to other formats (like MP3, DSD, etc.) in another directory as needed to support your various playback devices.

not daunting if you buy a mac mini, which makes a dandy music server & use iTunes to control everything - it is dirt simple

use a Lossless compression scheme like Apple Lossless, etc.

mp3 is lossy, which means that some of the bits are thrown away -- these are things that are supposedly inaudible, tho many people disagree, so stick with lossless compression for all CDs

you need an external drive to stick the CDs in and you're there

How savvy are you with computers? I have the Sony, and I couldn't be happier. Very easy to use, simple set up, sounds awesome. As for not streaming, it does stream Spotify, which is the best streaming service, in my opinion. 

In my experience, supported by most audiophile gurus I KNOW is very simple and straightforward. Here is all you need to know. Get a Mac Mini as your music server to install via a quality USB cable to a quality DAC. IMHO the best DAC is DirecStream by PS Audio. Best in the world and a fraction the cost of others. Be sure your Mac is flash with no drive (nothing that spins) and use an external drive to store your files. Download AIFF from high res sites or rip CD's to AIFF in iTunes. Most importantly , download Pure Music as your music player. It attaches itself to iTunes and takes over as the default music player without  in anyway disturbing the content North organization of your iTunes library.