I've never used musicbee, but in general, when you rip a CD, it saves each song to a file. I'm guessing musicbee would give you an option to what kind of file type you want to save to. I would also guess that you're using the musicbee default, whatever that is.
You should use a lossless file type (as opposed to something like mp3, which is lossy).
Most people use wav or flac
wav is uncompressed, and lossless, and results in the largest files.
flac is lossless, and you can specify how much compression, from 0 to 9 I think. 0 is no compression.
These days, disk space is cheap, so I would rip to flac with no compression, or wav.
Once ripped, you can convert from wav to flac and vice versa.
And you can copy these files to a NAS, different PC, a DAP or anywhere else. So once you rip a CD, and you have the files, you don't have to rip it again.
For compatibility, if you're burning files to a CD, I would use wav files. I'm not sure if all cd players will play flac files.
Oh, wav files are what is actually on the cd in the first place.
Randy