"Based on my experience I believe this is a myth. We have hundreds of
programs doing single I/O operations using SQL and I have yet to see
any real problem. You might do a test and have a few milliseconds
slower but in a real world environment does that really matter?"

I've tested it with a uniquely-keyed DDS-described PF, and I say fact, not myth. An OPEN/CHAIN/CLOSE=.001 seconds, while a SELECT INTO=.5 seconds. To me, that matters.

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