Yes, I did my own research and decided that you have no idea what you're talking about and are spreading false information. The tool PSX2PSP produces PBP files that can be re-extracted into bin/cue files with no loss in audio or video quality.
You say you converted 1200 game images with PSX2PSP and all the time you thought the audio tracks were compressed into mp3? You are not the smartest tool in the shed then, because the size difference would be enormous for many games if that were the case.
(I don't care what Sony has done with its own PBP releases, they are probably lossy.)