We have got to the point where we can afford to stream Lossless Audio file already. ( And then lossy re-encoded on the fly to our wireless earphone )

For higher bitrate 190 - 256 Kbps AAC-LC offers 99.99% compatibility, only losing to MP3 while offering near indistinguishable audio quality all while being patent free.

Opus does shine in anything lower. I am not even aware of a codec that is as good at 128Kbps to 160Kbps range. The lower end sub 96kbps is also competitive if not the best at certain domain. But for compressing music or pre-recorded audio it is a solved problem or non-issue.