Often on the forums people ask questions along the lines of "Which is faster: option A or option B?"
There is no need to ask this question. You can answer it yourself! Simply measure the performance of option A, measure the performance of option B, then compare the results.
Often you will not be able to measure any difference at all. Optimisation is often a waste of time: usually everything will be fast enough anyway and you are wasting time worrying about pointless details, or you are worrying over a 0.1% improvement when something else could bring a 25% improvement. To find the thing that makes the 25% improvement you need to rely on measurements. The built-in profiler is a good place to start.
If you can measure a performance difference, congratulations, you have just answered your question more accurately than anyone else could have!
To save you time, the most common things impacting performance are documented in the Performance Tips manual entry. Generally anything not on that list does not commonly cause a performance problem unless used in extreme or unreasonable ways. The manual entry also has more advice about testing performance with measurements.
So if you're ever wondering what will be faster, you probably don't need to worry, but if you must know then get in to the habit of making measurements. That's the only way to know for sure, and on the forum you'll probably just get a bunch of conflicting guesses.