The sacrifice for me wasn't worth it because I much prefer a faster 256/512 GB SSD and easy to replace external HDD storage to a slower 128 GB SSD and hard to replace internal HDD storage which also adds heat and noise to my iMac.
If the sacrifice was worth it to you, that's fine with me.
Sure, the 256/512Gb option + external HDD works great. It is more expensive though, as you have to buy those external drives, but, as I said, it is a fine choice.
The SSD part of the Fusion Drive is not slower than a regular SSD. The reason benchmarks show a lower write speed is because of some clever Apple trickery where they use the drive to cache things and move it to the HDD at the same time. Not quite sure how it works, but the SSD is the same, fast PCIe Sandisk used in MacBook Pros. The read speeds are the same. If you hate it that much, you can separate the two and use the SSD like you would any other, although I don't see a reason for it.
Also, I cannot agree with the heat and noise thing as I really, honestly, don't hear the HDD. Maybe my room is a bit noisier than yours, though. As for heat - according to iStats the SSD part is, actually, generating more heat than the HDD. Maybe because it works more often, not sure about this - but the heat of the HDD is not something that makes the system hotter (it is way below CPU and GPU temperatures, close to RAM temperature levels). I'm sure it adds a little bit to the overall temperature, but let's not pretend it does anything substantial.
Now, let me be perfectly clear. Everyone has their own preferences. Maybe you have better hearing or your perception of speed is more nuanced than mine. Maybe you heard some really loud Fusion Drives and mine is quieter. Maybe it's all in our heads. It really doesn't matter - the important thing is that we're both satisfied with our choices. It's great that you're happy with your setup and it really doesn't matter what I say.
The problem here is that people come here for advice and claims like "FD sucks!" or "FD is crap!", "It's going to break any day now so back up everything" may give people the wrong impression. "Not good enough for me" is different than "Not good at all".
I honestly claim that for most people and most tasks, the FD will be great. It is for me - and I don't "just do email and surf". I don't want to be accusatory, but I do believe some of the people here (let's call them, hm, "advanced powerusers") are misleading others into believing that only maxed up options are worth getting for anything but casual use. And that is just not true, and several users have pointed that out - me included. I, for one, am not a casual user at all, and I work just fine and enjoy my base Retina iMac a lot. Hope this makes it clear and I hope I haven't offended anyone.
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