Forum Moderators: phranque
But even if it isn't a significant factor for SEO, we all want our pages to be as fast as possible, so lean and mean code is the way to go; use CSS and javascript includes, etc.
It's also worth noting that an XHTML1.0 file will always use more code than an HTML4.01 page, so HTML 4.01 is the best choice in this respect. See also Why most of us should NOT use XHTML [webmasterworld.com]