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I wouldn’t be concerned about storing these as a Data Type from a performance standpoint. Option Sets will be quicker because they are static but I would seriously consider using a Data Type (and not #1) given the scenario you described above.
I wouldn’t be concerned about storing these as a Data Type from a performance standpoint. Option Sets will be quicker because they are static but I would seriously consider using a Data Type (and not #1) given the scenario you described above.