The last decade or so, people have been struggling with the fact that there are a number of HDCD albums out there: maybe not that many, but still some interesting ones. Chris Isaak, Grateful Dead, Joni Mitchell, Keb Mo, Lucinda Williams, Mark Knopfler, Neil Young, and Eric Clapton are some of the artists that have got some CDs produced and published as HDCDs.
I have come to the conclusion that there is probably no method that will rip the HDCD files to something that will uniformly behave in the way you want and at the same time not distort the other thousands of files that I have. Consequently, I rip my HDCDs to 16/44,1 wav or flac files. These files do contain the information needed to later encode them as intended.
I have found two solutions to the problem of playing those files in my system.
In my main rig I use a profile in MinimServer (on my Synology NAS) that decodes HDCD files on the fly. Then I will be able to enjoy HDCD files playing with optimal SQ: sound stage, bass fullness and high extension without distortion or clipping.
However, if I choose to listen to HDCD files decoded in JRiver MC on my laptop via USB to a DAC/HPA, I will get full HDCD quality in my headphones.