Ken Kundert
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Having one device with m=100 will of course be faster than 100 devices with m=1. It is true that there will be the same number of external nodes in both cases, but in the case with 100 devices the device code will be evaluated 99 more times. In addition, if there are parasitic resistors or current probes associated with the device, the result would be many more nodes in the circuit.
-Ken
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