Grant Fritchey looks at view performance vis-a-vis stored procedures:
The difference in the performance including compile time for the procedure alone is 700mc better on average than the view. That’s an 8% difference. It was almost that high for the view that used the procedure at 7%.
If we’re just talking compile time then, there is a significant win if we avoid the view. This is no doubt because of the extra work involved in unpacking the view and going through the simplification process within the optimizer. Plus, the view alone in our query was parameterized by the optimizer in order to assist it’s performance over time (as we saw in the average results without the recompile). All that extra work explains the 8% difference.
Read the whole thing.