Opus files do not open in many music apps, editors or hardware players. FLAC keeps full quality at about half the size of WAV. OPUS is at home in voice and music at low bitrates; FLAC is the usual choice for archiving music at full quality. FLAC cannot bring back detail that OPUS compression already removed; it simply stores the result without further loss, in a larger file.
The defaults suit most files. Under Options you can trim the start and end.
The conversion uses your browser's own video and audio codecs (WebCodecs), with hardware acceleration where the device has it; the file is read from disk as it goes and can be up to 2 GB. Where the browser lacks a codec, the page falls back to the compatibility engine.