There is no difference in performance. And there are no hidden optimizations done because of power of 2.
The only thing that does make a difference in how things are stored is the actual data. 100 characters stored in a VARCHAR2(2000)
column are stored exactly the same way as 100 characters stored in a VARCHAR2(500)
column.
Think of the length as a business constraint, not as part of the data type. The only thing that should driver your decision about the length are the business constraints about the data that is put in there.
Edit: the only situation where the length does make a difference, is when you need an index on that column. Older Oracle versions (< 10) did have a limit on the key length and that was checked when creating the index.
Even though it's possible in Oracle 11, it might not be the wisest choice to have an index on a value with 4000 characters.
Edit 2:
So I was curious and setup a simple test:
create table narrow (id varchar(40));
create table wide (id varchar(4000));
Then filled both tables with strings composed of 40 'X'. If there was indeed a (substantial) difference between the storage, this should show up somehow when retrieving the data, right?
Both tables have exactly 1048576 rows.
Connected to:
Oracle Database 11g Enterprise Edition Release 11.2.0.3.0 - 64bit Production
With the Partitioning, OLAP, Data Mining and Real Application Testing options
SQL> set autotrace traceonly statistics
SQL> select count(*) from wide;
Statistics
----------------------------------------------------------
0 recursive calls
1 db block gets
6833 consistent gets
0 physical reads
0 redo size
349 bytes sent via SQL*Net to client
472 bytes received via SQL*Net from client
2 SQL*Net roundtrips to/from client
0 sorts (memory)
0 sorts (disk)
1 rows processed
SQL> select count(*) from narrow;
Statistics
----------------------------------------------------------
0 recursive calls
1 db block gets
6833 consistent gets
0 physical reads
0 redo size
349 bytes sent via SQL*Net to client
472 bytes received via SQL*Net from client
2 SQL*Net roundtrips to/from client
0 sorts (memory)
0 sorts (disk)
1 rows processed
SQL>
So the full table scan for both tables did exactly the same. So what happens when we actually select the data?
SQL> select * from wide;
1048576 rows selected.
Statistics
----------------------------------------------------------
4 recursive calls
2 db block gets
76497 consistent gets
0 physical reads
0 redo size
54386472 bytes sent via SQL*Net to client
769427 bytes received via SQL*Net from client
69907 SQL*Net roundtrips to/from client
0 sorts (memory)
0 sorts (disk)
1048576 rows processed
SQL> select * from narrow;
1048576 rows selected.
Statistics
----------------------------------------------------------
4 recursive calls
2 db block gets
76485 consistent gets
0 physical reads
0 redo size
54386472 bytes sent via SQL*Net to client
769427 bytes received via SQL*Net from client
69907 SQL*Net roundtrips to/from client
0 sorts (memory)
0 sorts (disk)
1048576 rows processed
SQL>
There is a slight difference in consistent gets, but that could be due to caching.