Specific use case for Bulk Optimization

Hi there, just a question about a specific use-case for this plugin, that I was wondering someone could determine if it was possible please:

To be able to select all .jpg files in my media library for bulk conversion into WebP. I already have a bunch of WebP images that don’t need conversion. And I didn’t want those new WebP files stored anywhere else such as on a CDN. They should replace the existing jpgs in a “media replace” type operation and the thumbnails and different sizes could be regenerated too around WebP.

This enables me to keep all the image shortcodes (such as above) intact without any htaccess usage or “serve from front-end” tweaks. I’ll just assume the client can display WebP otherwise too bad.

Yet, I may choose AVIF instead.

I’d need about 88,000 credits to do that at present and don’t need further conversions down the road once the bulk conversion is done and may uninstall the plugin.

So can this plugin do all this right now – specifically the media replace operation, as I wanted to minimize site and code changes?

Thank you.