In the even tags get screwed up [...] I obviously wouldn't re-rip anything but it would seem there might be advantages to having each file with all pertinent info IN the file name.
$left(%album artist%,1)\%album artist%\%album%\%track% = %artist% = %title%.flac
Garym...are you saying that you do the same thing except your folder for compilation is simply named "compilations"? I think i prefer that to various artists too.
Are you useing dpPoweramp to rip?