Assuming a simple XML document:
If you assume a simple input document, then the value-of solution will
always be best. The whole point about apply-templates is that it doesn't
assume a simple document. It allows your code to work with other documents
or document structures; it's more resilient to change and variation in the
input. It gives your code greater reusability and greater longevity.
Michael Kay
http://www.saxonica.com/
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