Have been looking at how to digitally archive all my CDs in a lossless way so that I can have scripts to re-encode to appropriate bitrates as I get new audio devices.

Looks like the current best solution is EAC -> WAV and then use a WAV -> FLAC encoder. Setup Toshiba DVD-ROM SD-M1502 fully in EAC with REX profile + offset. Iomega wasn't listed in their drive guide so I skipped setup of this device.

Guide to High Quality Audio Replication

Still need to investigate if gapping is going to occur between tracks which are mixed together (Oakenfold, etc).