EAC - Ripping Options

I want to make a perfect copy of CD using EAC. Should I choose uncompressed test/copy option, and burn with the slowest speed allowed in the CD burner?

If all I care is quality, is there any reasons I should choose FLAC/MP3 over uncompressed mode?

EAC is pretty good in correcting CD errors. Is there new software product that is better than EAC?

Thanks!