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Essentially, it does everything I need such as extracting CDs, getting meta information from multiple sources, meta editing capabilities and it even extracts gorgeous cover art. What else could you ask for? I’m happy. Unfortunately, it’s not free and I paid about 39 Euros including VAT (your cost may differ depending where you live). I have my rips sent straight to my NAS for convenience. I will usually listen to new CDs first and then “archive” them that way.
dbpoweramp is also available for Windows but honestly – if I had a PC, I might have a hard time shelling out big money for a tool versus just getting EAC which is free.
Sound quality-wise I cannot tell the difference to my iTunes rips (haven’t done a full comparison of course), so dbpoweramp doesn’t add some magic, it just makes my life easier. Haven’t tried their DSP functions yet because I like to keep my digital data unchanged. What it does to do very well, however is its ability to deal with scratched CDs as it re-reads those bits until it has a reasonably accurate copy of your music. For example, dbpoweramp kind of rescued my badly scratched up copy of Harry James Big Band (a Sheffield Labs CD).
If you want to learn more about dbpoweramp, check them out at https://www.dbpoweramp.com/cd-ripper.htm. I’m not affiliated with them in any way, just my personal experience. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.