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incrediBILL - 6:06 am on Nov 24, 2012 (gmt 0)
I've always assumed that a formula like
... 12.34.128.0/20
is less resource-greedy than
... %{REMOTE_ADDR} ^12\.34\.1(2[89]|3\d|4[0-3])\.
You are correct.
The DENY syntax is was more efficient than RewriteRule processing just from the perspective of parsing alone. I know it would be had I written it because that's just the way it works. Whether that's the actually reality in execution speed would need to be tested because not all programmers are created equal. :)