Let me perhaps add that the aspect of the veracity of a sound file in a lossless format is (almost) completely independent of sound quality. Lossless formats only have the potential to attain a quality that is unattainable with lossy formats. How they really sound on a capable reproduction system is another question.
Therefore it is imprecise to say of a 16-bit, 44.1 kHz FLAC file that it has a "higher quality" than an MP3 file, or of a 24-bit, 96 kHz FLAC file that it has a "higher quality" than a normal FLAC or a CD rip. Too often, people speak like that, also here in this forum. Please remember: that alleged higher quality -- which can only mean sound quality -- exists foremost as a potential that needs to be realised to be of any value.
It is very easy to produce a truly lossless 24-bit, 192-kHz rip of a vinyl record that does no justice to the actual recording. A different rip, even when it's an MP3 or a transcoded MP3, may sound much better. There are a lot of lossless vinyl rips around that sound mediocre to abysmal, despite not being lossy transcodings.
Even if the record to convert to a digital file is in a good state (and I don't mean the record-grading "good", which rather stands for "don't even think about buying this") -- which regularly is not the case --, and even if the record is properly washed -- which regularly isn't done --, and even if the ripper has a decent record player with a good pick-up and a high-quality phono preamp (and not some USB-whatever shit) -- which regularly is not the case --, and even if he does not use a crappy hobby-DJ mixer -- which he will usually do --, and even if he has a hi-fi soundcard or (preferrably) a high-quality external A/D converter -- which regularly isn't the case --, even then ...
... he still has to resist the urge to put the result of the ripping process through automatic de-clickers and de-noisers. But many people don't resist, and then it all may have been for the birds in the end.
So, that much-loved "lossless upgrade" could well be a downgrade, soundwise.
Do note that I'm not saying the faked files of Music in the Ear sound bad -- I did not listen to them before I threw them away. All I'm saying is that they are not actually lossless.