Worth noting it is 'v2', which is a specific setting with a specific encoder (lame) that creates a variable bitrate file which averages around 192kbps. That is

Worth noting it is 'v2', which is a specific setting with a specific encoder (lame) that creates a variable bitrate file which averages around 192kbps. That is very different to just setting itunes to 192 and expecting 'perceptually lossless'.