You can compress it as long as you keep the quality high. Mp3 compression only strips extreme high and low end frequencies, which you won't be able to hear anyways.
I've recently exported several 60 minute MAP preset patches. Export them as .wav files through BWgen, and then use a program to encode them to mp3 or desired format. I'm an audio engineer so I have access to wavelab, but you can find a free alternative on the internet. Use either high quality VBR or 320 kbps constant bit rate encoding for best results.
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