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SUBMIT YOUR IDEAI'm not sure if there will be much of a difference in performance but here's a way of finding out. I have found it really useful for improving my workflows.
https://community.alteryx.com/t5/Alteryx-Designer/Performance-Profiling-in-v10/td-p/3771
New to me, but I will definitely play with it
The switch statement is great to manage multiple cases like this.
I like to mess with Regex tools.