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parsing speed

(just my additional $.02)

... and as a general rule (subject to numerous exceptions, caveats, etc.)

1) it is programming and debugging time that most impacts "overall" program
execution time;
2) this is most strongly impacted by code readability and size (the smaller
the better);
3) both of which are enhanced by modular construction and reuseability,
which argues for avoiding inline code and using separate functions.

These days, i would argue that most of the time it is program clarity and
correctness (they are related) that is the important issue, not execution
speed.

... again, subject to exceptions and caveats, etc.

-- Bert Gunter
Genentech Non-Clinical Statistics
South San Francisco, CA
 
"The business of the statistician is to catalyze the scientific learning
process."  - George E. P. Box