They are different
wave is lossless. Everything that you have, will be kept, including frequencies outside human hearing.
Ogg-Forbis is a compress&loss-formate. You can think of Ogg as mp3, but free for all.
Ogg will remove frequencies and compress the file to significant smaller size.
"Best" - well some say that even non-audiable freq influence listeners, other says rubbish, but wave is everything, Ogg is a selection.