burkey The Opus audio is at 160 kbps, however the AAC audio we were discussing is at 126 kbps. I'll check which one the concert was encoded in.
Encoding cannot be selected by the YT uploader. Videos that reach a certain number of views or are uploaded by specific users are re-encoded by YT and made available at higher bitrates. This concert should be encoded with audio in Opus VBR@160 Kbps within webm containers and AAC in mp4 containers. The bitrate depends on the YT conditions, which are not publicly defined.
Either way, it's nowhere near as good as 1980s CD audio quality. Even YouTube's premium audio service (256 kbps AAC) is inferior to all the other audio streaming services from Apple, Amazon etc.
We need to be careful with generalizations. YouTube is a video streaming service. So, we cannot compare it with audio-only streaming providers. We can compare YouTube (video) with Vimeo, for example, which delivers high-quality video and audio (320 kbps AAC at constant bit rate).
But it is complicated to compare just the raw numbers because we do not know how the audio is being encoded. YouTube Music uses AAC @ 256 kpbs, Apple Music also uses AAC @ 256 kpbs, Amazon Music MP3 @ 256 kbps, Spotify MP3 up to 320 kbps. But then the details matter. For example, some tracks are encoded with VBR others with CBR. And these formats can use very different profiles that greatly affect sound quality (for example LC-AAC, HE-AAC, HEv2-AAC…). And the audio encoder itself also makes a big difference. For example, the LL-AAC Apple proprietary encoder often delivers less compression artefacts than other LL-AAC encoders at specific bit rates. The point is that the the audio quality is not only a function of the bit rate. The encoding process (which is often ignored) has a major role. The point is that a good audio encoder using a properly configured audio profile at 256 kpbs can easily outperform a basic encoder with a standard profile at 320 kbps…
The main difference between YouTube Music and the competition is the lack of lossless audio. Afaik, only YouTube Music and Spotify do not support lossless formats. But Spotify is now testing a lossless audio service (Spotify HiFi).
Anyway, a significant part of the users of these services does not have the hardware and/or audio equipment to profit from high-quality or lossless audio encoding.
If you want to judge - or fully appreciate - audio: don't do it via YouTube.
Completely agree! And skip the Bluetooth headphones if you really want to judge audio quality ;-)