I have done a lot of CD rips. Once you are set up it usually takes 4-7 minutes each.
You want 16 bit 44.1 flac files so the quality will be equal to the CD. I like to use either EZ CD Audio Converter or DB Poweramp software but the files will come out them same with whatever you use. I am not anal enough to use Exact Audio Copy which can take longer. Tagging the files the way you like may add some time but doesn't have to be done while you are ripping.
For playback you can use
1. A computer running Windows or iOS and using playback software like MediaMonkey, JRiver Media Center, or Audirvana on macs.
2. Dedicated audio Server (which is a computer), You can make one with a Rasberry PI running Pi Musicbox or Runeaudio. An old PC running...