Are people still having storage size issue, download speed issues etc?
I only upload my rips in lossy format for the convenience of shorter download times. I believe the arguments years ago for lessening file size for storage and download times. But it is 2021 now and I am wondering if these stuff still matter to you:
For reference a normal album in 320 is about ~100 MB. In WAV/FLAC it is about 350-400 MB. Download speed for me is about 1 min for a 320 album and a few more minutes for lossless album.