Your posts are interesting. I honestly don't know the answer to the slight differences in our guesses. They would be fairly easy to figure out if it was worth anybody's time, but it's probably not.
But again I do strongly agree with your bottom line. When in doubt, just buy the CD and lose the digital rights management and lossy compression baggage..
FWIW, I often edit wave files from LPs using a wave editor and burn them to CD using musicmatch. Musicmatch converts the wave file titles (the names of the songs) and the CD name (I use the album name) to CD Text that works in a CD text-ready CD player. So then I have my treasured LP on a CD-text CD. I then rip the CD into itunes and itunes does a great job looking up the tagging information and filling in artist, composer, fixing song titles, etc., when it imports the files. I rip to MP3 because even though I use an ipod I don't want to get locked into AAC.
Also, FWIW, the VBR MP3 encoder moving from Itunes 4 to Itunes 6 has undergone very substantial revision. I just discovered this a few days ago when I downloaded the upgrade. For a given setting (e.g., 192 kbps highest quality vbr) the resulting bitrates are very different now. The revised vbr encoder appears to be much more sensitive to the complexity of the recording, which is a good thing, IMHO.