What is the preferred way to run Windows in a VM?

I plan to run Windows 8 in a VM with VMWare Fusion.  I need to have OS X and Windows available concurrently because some of corporate apps only run on windows.  It seems I have (at least) two options for doing this.  I could setup Boot Camp and install Windows and then use VMWare to run that as a VM.  The other option is to install VMWare Fusion and then use it to create a VM with Windows.  The difference, I am told, is that the first method will, by nature of having a partition, writing files to the disk as any native OS installation would and with the second method the entire VM is actually running as a single file.  I am told that the first method is more performant by some but others tell me there is no difference.
Does anyone have any experience they can share?

You can raise your question in the Fusion forum too but unless you're planning to play games in Windows or do computer-intensive video editing, I doubt you'll find any performance deficiency, and if you wed your system to Boot Camp, you'll likely loose the flexibility that a VM file offers (e.g., try backing up Boot Camp).

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