here's just a couple things, since it seems you will be trying it out. There are different paranoia levels of error correction. This means that it will attempt to read a bit a certain amount of times (dep on the setting) and will take the statistically better result. In other words, when you are doing a really beat up disc ( i know... no one here ever uses their masters in the car or loans them to your girlfriend or whatever....) and it hits an error, it will try a bunch to get it right. If it can't, it will let you know in the log report the exact location of the suspicious position so you can edit any pops or glitches that would be a result of the bad sector or bit or whatever.
Then, on top of that, if you have a really rough disc (i know, i know, no one ever leaves their cd's face up for that cat to sit on and dig her nails into) you can use the "burst mode" which just blazes through a one-pass. Sometimes this is the only way to do it without EAC grinding to a halt. Then you can listen and be the judge yourself.
So, technically, it is bit-perfect when you set it to be, but that is a minor detail. It's the best ripper.
Good luck,
J----