Custom Vs. Complex Folder???

Hi friends,
I have a BusinessArea: BA_1
BA_1 has a database folder: DF_1 (based on Table TB_1)
now i want to create some calculated items that are used frequently by the users. So i wanted to create those items in Admin so that they are available to all.
For example i need an item based on following calculation:
SUBSTR(NVL(DF_1.DIT_1,0000),1,1)
I don't want to add these calculations to existing/delivered folders, so i have two choices :
1. Custom Folder
2. Complex Folder
1. Custom Folder: CF_1
Query = select SUBSTR(NVL(DF_1.DIT_1,0000),1,1) "IT_1" from TB_1;
2. Complex Folder: CXF_1
IT_1=SUBSTR(NVL(DF_1.DIT_1,0000),1,1)
I want to know which one is better way & why??
Note: Keeping in Mind that i am working on Apps.

Thanks a lot Rod West & njethwa,
njethwa, i don't want to create a DB view as i have lot of calculations & may increase in future. also i want to reduce interaction with DB directly for Disco work.
Rod West,
I think you are right, becoz I have req. from a group of my clients that they all are using a set of common calculation based items, and calculations are bit complex in some cases, so they wanted to avoid creation of those calculation each time they create report. The number of items may increase in future.
I don't want to add them to base folder so that other clients are not confused with new items & also i don't want to make a folder a long tail of items.
But what i wanted to know is "Performance". when i use a simple folder, discoverer builds an sql and fires it to get the data. for custom folder it takes the sql from eul and fires it (both look similar to me except the fact you explained about Custom folder issues). But i don't know how Complex folders are interpreted, e.g. i create a report using only complex folder based on single simple folder, then disco must be building an sql but is it in addition to the sql used to query the simple base folder or disco builds only one statement and adds all the calculation along with base folder items.
Similarly if i use Custom folder in combination with simple how disco builds sql: Single or multiple??
I think my question is bit more clear this time :-)
Thanks for your time once again.

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