^The file converts just shows different pre-made settings for encoding mp3s. The program runs the file lame.exe (mp3 encoder) with a set of parameters which decide the quality and so on of the output file and those parameters are what's defined in the "encoding parameters". In order to customize those, you'd probably want to have a look at "lame.exe /?" first.
Foobar let's you customize almost everything, but the bad thing is that unless you use a premade theme, you have to customize everything so that's a tradeoff; ease of use vs. versatility.
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