Also,
Generally speaking, audio codecs specific to the MPEG-4 generation seem to sound better than the older MPEG-2 audio layer 3, a.k.a. .mp3 at very low bit rates but in listening tests seem to be more or less equal at higher bit rates.
If you want to argue about what sounds better at 64kbs then .mp4 specific audio codecs seem to be better.
If you want argue about which sounds better at 256kbs or 320kbs you'll figure out that it is hard to find any .mp4 specific candidates to make a comparison with and mp3s sound pretty darn good.
The newer .mp4 audio codecs are primarily designed for bare minimum bit rates and are primarily a benefit to operations streaming large quantities of parallel transmissions through a data stream bottleneck like, for example, a mobile communications transmission tower.
best regards,
mike