mojobone wrote:I'm an audio engineer, and it does make a difference which program you use to encode MP3s, but it doesn't matter whether it's integrated in your DAW. Fraunhofer's codec is as good as any and it's what most DAWs use; they all sound a little different, so I'd say just pick one and stick with it for the sake of consistency. Most of them 'like' about a decibel of headroom, which is different than burning a CD; CDs have error correction built into the spec, tolerances are better. If you're flush, you can buy a software plugin from Sony to audition your material through all the available codecs before converting. iZotope's Ozone has a similar function in its most deluxe version.
Thanks mojo... You know way more than me about this stuff.
I will say that if your DAW does not come with the functionality to export mp3 or you don't like what's included, before you spend money, consider that there is free software out there that will convert outside your DAW... iTunes is one though I find it slow, cumbersome and confusing to use simply for conversion. I've been using "Switch" from NCH Audio for many years and it is very fast and easy to use with easy drop downs for choosing format, bit rate, bit depth, etc.
http://www.nch.com.au/switch/mp3.html
Other similar programs are out there as well.
Of course, this doesn't eliminate the need to allow some headroom in your mixdowns as others have said.
Happy mp3-ing.
Casey