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Thank you all for you input i really appreaciate it.
We mainly use MP3 since all we play is Dj sets send to us mostly at 320kbps MP3.
Also ACC is not natively supported yet for Streaming in StereoTool.
Anyway now the stream is at 256 kbps MP3.
@Bojcha i made some changes based on your recommendations. Also decreased loudness a fair bit.
At least some of our listeners made positive comments so this is a good start i hope!
Why don't you go all the way to 320K for MP3?
You could use an encoder supporting AAC such as BUTT (if you are not using a Raspberry Pi that is!) - it appears to support AAC encoding out of the box.
But the biggest issue you have is your source - if you could insist that your DJs send sets in a higher quality format (hi res) such as FLAC or WAV, then at least your source is no longer the weakest link.