I would recommend to use XLD on a Mac to rip CD's. Every bit as good as dbpoweramp and it's free. I use both.
As for format, I want the very best quality, so I rip to .wav files. If you want all lf the tags, then FLAC is probably best for you. You lose a bit of SQ, but if you don't have an uber system, you probably won't notice.
As for player S/W, I have found Amarra to be best and I've tried them all. I do use a previous version of Amarra that is no longer available though. Others use Audirvana and Jriver. I have these also because I' im the biz.
Steve N.