I've set mine at EVRC-B... voice quality is very good.. I've also heard that 13k is better than plain 'ol EVRC.
from wikipedia..
QCELP (13k) (Qualcomm Code Excited Linear Prediction), also known as Qualcomm PureVoice, is a speech codec developed in 1994 to increase the speech quality of the IS-96A codec used earlier in CDMA networks. It was replaced later with EVRC since it provides better speech quality with fewer bits. There are two versions available: QCELP8 and QCELP13 and they use 8 and 13 Kbit/s respectively.
Enhanced Variable Rate CODEC (EVRC) is a speech codec used in CDMA networks. It was developed in 1995 to replace the QCELP vocoder which used more bandwidth on the carrier's network, thus EVRC's primary goal was to offer the mobile carriers more capacity on their networks while not increasing the amount of bandwidth or wireless spectrum needed.[1]. EVRC uses RCELP technology, which Qualcomm claims improves speech quality with lower bit rates
Enhanced Variable Rate Codec B (EVRC-B) is a speech codec used by CDMA networks. EVRC-B is an enhancement to EVRC and compresses each 20 milliseconds of 8000 Hz, 16-bit sampled speech input into output frames of one of the four different sizes: Rate 1 - 171 bits, Rate 1/2 - 80 bits, Rate 1/4 - 40 bits, Rate 1/8 - 16 bits.