use WAV or FLAC.
Increasing the MP3 bitrate to the point where I would want to work with it makes the MP3 not that much smaller than FLAC.
I have not however, exported then imported a FLAC file. It may be that any encoding/decoding causes timing offsets. (which makes sense for MP3...not sure about FLAC).
If I collaborate with another Sonar user, I simply zip the project and share that. For collaboration with non-Sonar users or to move to/from Cubase for example, I use broadcast WAVs.