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and then, imho. ogg vorbis is a pretty one, all round, high-quality lossy format though.

its main advantage, for the sloppy newcomers at least (that i can think of) is about being innocuous to the nefarious hard-clipping distortion glitches you may get when signal goes overboard (ie. > 0dbfs); meaning that you may not hear it when monitoring but the recorded audio file gets severely crippled beyond any reasonable doubt. which is a bad and for all means lousy recording take anyhow.

and again, repeated "ad nauseum" before, qtractor is not meant to be a mastering tool--mastering as in the "Bob Katz sense", i say ;)

when producing something for real, and probably in a so-called professional scenario, fwiw. the most sensible default should be a lossless float 32-bit sample format. i, meself dixit!

hyu.
cheers