Is there an online demo? How does it compare to Opus?
Opus is, obviously, currently more optimized, offers better lossy compression, and has really low latency (great for streaming)
It does have some problems though :P Metadata editing is one of the hardest out of most formats, You would need two separate formats (FLAC + ogg) to keep lossless + lossy
flo can be lossless as well as lossy, metadata editing is extremely easy, much richer metadata, simpler but subjectively better file organization/format, and I tried to optimize it for the web!