I just use separate files, honestly. Hybrid could save me a small amount of disk space, which is itself quite cheap. Allows me to have a central repository for files of every bitrate for each device class. Smartphone gets the 128k, I stream the 96k, 128k, or FLAC (depending on connection and browser constraints) from my private listening webapp, and I keep the 128k Opus on my laptop.
FLAC and Opus are each more widely supported than Wavpack, Chrome can play both as of the last stable release. My loudness scanner, cmus, MPD, and others all recognize each fine, including ReplayGain and album art, but I'm not sure I'd have the same experience with Wavpack.
I have about 600GiB FLAC music from bandcamp, random publishers, and CDs. I then have, separately, the same directory structure but encoded as 96k and 128k Opus. Still all fits just fine on a mere TiB disk. In a couple years the difference between 96k and 128 in terms of space won't matter and I'll drop 96.
And yeah, it's very nice to have the FLACs when I want to timewarp, transcribe, analyze, or remix. I usually do that at home though, so I can splurge on the bandwidth.
WRT the Internet Archive, Wavpack hybrid decoding is probably too slow and too rare to bother including in any major browser. Even if they did, if lossy listening is a priority, a dedicated lossy codec will save them money in short order on bandwidth. Indeed, this is exactly how IA does things, they even have wav in addition to flac and two or three lossy versions of (almost?) every recording.