If you're going to use Virtual CloneDrive, it doesn't natively support audio CD's as BIN/CUE as far as I've been able to figure out. It supports .CCD files, so you'd need to add the CCD option to the File Layout in the Read options in ImgBurn so it creates CCD/IMG file sets for mounting in a Virtual CloneDrive virtual drive.
Alcohol 120% may not be desirable because it installs an extra layer of software for optical drives that can cause an impact hit to optical disc reading.
Interestingly enough, I use both pieces of software, because sometimes ImgBurn won't read certain CD's based on their sessions/gap info, like some Playstation CD's and other discs. Alcohol will read them, so if I ever need those read to an image file, I'll install Alcohol, read the disc to an image, and then uninstall Alcohol.