If people think they hear differences from all these things, who as I to say?
Nothing. There will never be a consensus in anything.
" When rip wav->flac->wav, depending on the software, possible loss of precision?"
That is not likely. The data is integer not floating point format.
What does not floating point have to do with potential errors? It's a software program. Data is probably processed in bytes.
People do binary compares, find the files identical, and report they sound different. At one point I spent a lot of time doing binary compares and looking a file formats.
If binary compare returns TRUE, STOP!!! Like I said, people likes to exaggerate and sometimes have no clue in not comparing apples to apples but apples to oranges as we've seen in this forum.
Some people have ripped to flac and then decided to convert to wav because they think it sounds better. Somebody then pipes in and says they should re-rip everything, since the converted wav file will not sound the same as the ripped wav file, even though they are bit for bit identical.
Where's the original wav? When you rip into another format, it doesn't overwrite the orig but just create a new copy in new format. No?
Let's not get too deep into this. There are lots of discussions on AA and other places about this and nothing ever gets resolved.
Don't worry I won't. Have NO plans jumping in AA.