CBR is now considered old-school thinking and using VBR quality settings is recommended instead.
i.e
-V 2 --noreplaygain - [outputfile]
will give you an MP3 at ~192kbps, but at higher quality/smaller size than CBR 192.
You know, I get that in theory. I guess I'm just twitchy about VBR because it's a little harder to wrap my head around. I'll give it a shot.
I used to be the same, mostly because in the early days VBR implementations were pretty crappy and not universally supported. The fact that I'm prone to over analysis didn't help either - in my mind I was always worried that 192kbps wasn't "enough" and that 320 was "too much".
Looking into it again recently, more than anything it was this passage that convinced me to change my approach:
From: http://vorbis.com/faq/#qualityVorbis' audio quality is not best measured in kilobits per second, but on a scale from -1 to 10 called "quality". This change in terminology was brought about by a tuning of the variable-bitrate algorithm that produces better sound quality for a given average bitrate, but which does not adhere as strictly to that average as a target.
This new scale of measurement is not tied to a quantifiable characteristic of the stream, like bitrate, so it's a fairly subjective metric, but provides a more stable basis of comparison to other codecs and is relatively future-proof. As Segher Boessenkool explained,
“if you upgrade to a new vorbis encoder, and you keep the same quality setting, you will get smaller files which sound the same. If you keep the same nominal bitrate, you get about the same size files, which sound somewhat better.” The former behavior is the aim of the quality metric, so encoding to a target bitrate is now officially deprecated for all uses except streaming over bandwidth-critical connections.
Pondering the quote I've put in bold was my light-bulb moment - when I decided it doesn't make sense to use a modern encoder with the same settings I was using ten years ago. To do so is ignoring the improvements that have been made in acoustic modeling and encoder implementation in that period. 192kbps stores a lot more useful information than it used to.
This is all off topic and you're free to use whatever you like. I just thought I'd share my experience after spending hours poring over this stuff in the last week. I've found it quite liberating to stop wondering if I'm using enough bits and just asking myself "does this sound good enough?".
Bee excellent to each other...