Is it a viable option?

I've gotten a few discs, and up to some years prior, I'd use the PS3 to back them up. However, as its HDD is starting to fail (took it long enough e.e''), I'd been considering getting a bluray reader for dumping the ISOs, possibly a Wabcom 5-in-1 but still evaluating that part.

But as I am on Linux Mint, and I don't mind the ISOs being encrypted (iirc I'd use FOSS keys and they'd work fine), would ddrescue be enough for that, or would I need to use some other program, perhaps even some dedicated/paid one?

Also bonus question: I also got CDs and DVDs to backup. Would I be able to do it for them too?

Thanks in advance!