Does someone have a feel for the relative speeds of VBA -vs- Visual Basic?
For a computationally intensive application say for simplicity. Calculating
the nth digit or pi or whatever?

It's not clear to me what "compiled" means anymore. People refer to VBA
being compiled, but I've never felt comfortable whether it is really fully
compiled down to optimized executable code (like C say), or whether it's
actually tokenized -- something between interpreted and compiled. And I
know even less about Visual Basic.

Thanks.

Bill