FLAC > LAME.
But EAC is a good program. Just not as good as, say, Easy CD-DA Extractor. :)
Agreed, flac lossless is better Lame encoded mp3. Indeed all my stuff is in FLAC for a network Squeezebox. Indeed the Squeezebox with flac sounds better than the original CD on a Sherwood CD-980 which is a fairly well regarded player.
However, the original question was for mp3. I know some portable players will play flac but its been a long time since I looked.
Considering that my ears are over 65 years old, I probably can't tell the difference anyway between a high bitrate Lame mp3 and a lossless flac recording. :-)