The browser recorder captures sound after microphone permission and saves it with a media format supported by the browser. The actual result may be WebM, Ogg, or M4A depending on the browser and system, with an optional MP3 conversion workflow after recording.
Quality depends more on microphone, distance, room reflections, and input level. Make a short test before the real take, use headphones to prevent speaker feedback, and obtain participant consent while following applicable recording law.