256 MP3 is about the minimum you can get away with as long as your aren't beating it to death in the processor. The 9200 isn't a blender like some of the Omnias or the Vorsis box can be but considering that storage is almost free there isn't much reason to not store your music as uncompressed PCM files these days. If the source doesn't start out as straight PCM don't try to convert it to that though...it'll just make things worse. If you're getting your music library as MP3 there isn't much you can do.
One of the bigger surprises with the 4-station combo "quad plex" DA in St. Cloud is how good WMIN (1010) sounds in spite of having to traverse all the filters. We've got WAV sources going through an analog Marti STL-10, an analog Optimod 9100 and then a Nautel XR-3. No digital compression anywhere in the chain. It's loud, clean and jumps out of the radio. Each ATU is also matched and the common point is almost flat across the NRSC passband:
The spectrum analyzer confirms that the transmitted sidebands are symmetrical too which helps with "loudness" at the radio.
If you can work toward that you will go a long way toward a quality on-air technical product.