I've been meaning to run some tests "when I get time." For now, I choose to believe that there is no significant speed difference.
It isn't significant, but it is easy to show:
on timeit
t = "one two three"
m = the milliseconds
repeat with a = 1 to 100000
c = char 2 of word 2 of t
end repeat
m1 = the milliseconds - m
m = the milliseconds
repeat with a = 1 to 100000
c = t.word[2].char[2]
end repeat
m2 = the milliseconds - m
put m1 && m2
endtimeit -- "824 1028"
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