MP3 vs AAC vs OGG Vorbis - what is the best way to harvest audio rips today?

Question

Audio

I apologize for the question that has already been discussed thousands of times, but today I want to raise it again in the context of modern realities.
As far as I understand, the only advantage of MP3 compared to its competitors that appeared later was its wide support - only this format made it possible to be sure that the file would not be a problem to listen to. Now this problem has practically disappeared: any modern smartphone, tablet, TV set-top box, browser, audio player applications, etc. can play M4A AAC and/or OGG Vorbis without problems.
Accordingly, it is interesting what arguments are in favor of choosing AAC, which are in favor of OGG and which, if still left, are in favor of MP3.
Do I understand correctly that the main plus of AAC is played on smartphones in hardware and, therefore, requires less resources? Do I understand correctly that the only plus of OGG Vorbis compared to AAC is legal? I also heard that MP3, unlike Vorbis (I have not heard about AAC in this vein), does not allow you to accurately address a certain point in time and accurately cut a piece from and to or something like that (I don’t remember what it’s called).
The question is of interest in the context of high bitrates of lossy encoding - 96 kbps (for audiobooks and video soundtracks), 128 (for Internet radio), 256-320 (for offline music).
And then I just downloaded one album in FLAC (there was no other, usually MP3-320 suits me, anyway, the sound is shit in a smartphone or in a laptop), I decided to convert it into something simpler and booted ...

Answer 1

Without going into technical details, OGG actually encodes better than MP3 for the same file size due to algorithmic features.
Objectively speaking, regardless of the format, when listening on a laptop or phone, the difference in the encoding range 192-320 is barely noticeable to a simple listener.
For informational purposes or when sound quality is not critical, I habitually encode in V0. But the most valuable things are always in the flask :)
Precise addressing in MP3, as far as I understand, is related to the frames into which the signal is split. But they are small enough, in a couple of milliseconds, so there is no practical value here either.
I can't say anything about AAC hardware encoding.