Your query above regarding importing is an interesting one. I hadn't previously tested for this situation but I have now just run the test.
So, my B2 has 'Artist1/Album1/track one .flac' already present in the 'music' folder.
I copied the same artist name/track name in WAV format to an Export file 'Artist1/Album1/track one.wav'
I ran the Import process on this to the B2. The B2 imported the 'wav' track and this immediately overwrote the 'flac' version.
Then, the B2 ran compression on the '.wav' version (I have 'flac' compression set) and it replaced the '.wav' version with a new '.flac' version.
So the answer is that if you import a set of wav tracks into an existing collection and if the '.flac' equivalent tracks are already in the B2's 'music' directory then the '.flac' equivalents will be overwritten by the '.wav' versions from the Import.
Hope this helps,
Regards,
Peter.