How would one say "Sounds good to me" in Spanish.

Is it:  Me suena bueno.
Or is this incorrect, and perhaps instead:
Me parece bueno, Me parece bien.

Of course there's the adjective vs. adverbs thing here.
Since 'sounds' good is a verb, is it modified by bien rather than bueno?

Even If 'technically' bien is correct, is bueno commonly used?

How many English speakers know this (most probably).
If you're asked "How are you?", a grammatically correct responce is
"I'm well",  and that "I'm good" is incorrect since 'good' is an adjective
describing a verb.  However "I'm well" would sound kind of odd and is not
commonly used. I'm good  is used in the real world.

Similar or not with the Me suena bien, Me parece bien  example?

En España se utiliza "bien" nunca "bueno", aunque no descartaría que
se utilizase "bueno" en algún país americano.

hi patrice,

as i understand the question, you have translated "sounds good" far
too literally.  although spanish-speakers have certainly translated
and assimilated some english idioms, many are still strictly american
expressions and would get you quizzical stares from a native speaker
if you translated them directly.

in this specific case, it would be much more common for a native
spanish speaker to just say "esta bien" or one of the other similar
expressions.  there is a lot of regional variability here, but "esta
bien" is pretty universal.

the phrase "me suena bueno" doesn't have much meaning.  when you use a
verb in it's reflexive form (as you have above by using "se" in the
first person), that verb literally needs to act upon the subject.  in
this case, a sound would literally need to hit you and make you happy.

so, alternatively, if you wanted to convey that a particular sound
(for example, birds chirping or whatnot) was pleasant, you might say
"ese sonido me gusta mucho" or something like that.

"bien" vs. "bueno".  the rules are different in spanish than in
english, although your general observation is valid.  this point alone
could occupy several pages of exposition, so i'll just leave it at
that.

hope this was helpful

cheers

Patrice,
just an aside on the English:  "I'm good" vs "I'm well."

With the verb "is", the adjective describes to subject, i.e.,  "good"
and "well" refer to "I", and are both correct and adjectives in this
usage  - with the peculiarity here that "good" suggests character, and
"well" suggests health.  I would reply:  "I'm fine."

There are other verbs that are sometimes used instead of "is", such as
"sounds", "looks", "appears", "tastes" that take the adjective "good".
 "The wine tastes good."

Okay, superfluous, and someone is probably going to find an error in my grammar.  :)