I see options for 'Reference Column' and what seems like a lookup pattern in formula columns. When should I use each? Are they functionally different?
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Use Reference columns for stable relationships (e.g., product name from product ID). Use formula-based lookup for derived values (e.g., price × quantity from the rate table) where you also want to apply a transformation.
Reference column: a visual-only column that displays a value from a related table based on a matching column. Non-editable, auto-updates when the source table changes. Use for displaying related data without duplicating it. Lookup in formula: a calculated column using LOOKUPVALUE() or similar. More flexible (can apply transformations) but is computed at display time rather than stored.
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