Concrete difference/s between "label-filter" and "wildcard-filter"?

Hi,
where are the concrete difference/s between the "label-filter" and the "wildcard-filter"??
-» As I have seen/understood so far, ONLY the input or the format of the inputs is different, but depending on what you have entered in the concrete filter ...
-» ... you (can) get the SAME result with BOTH filters - correct?
So, if this is the case, then it is purely a matter of "taste" which filter you use or with which input characters you get along better - correct?
Thx.

Use wildcard if you can, i.e. if all you need is a wildcard. It is faster, and processed sooner.

Label filters can do more, but are also potentially more complex and longer to calculate, so they are calculated in the background and may take a moment to have any effect after a file becomes visible.

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Hi, I have another question about this:

where is the difference between the following two (different) wildcard settings windows,

between

1st settings window:
=> Menu -> Folder Options -> Tab Labels ... and here set Wildcard Filter or Label Filter

and the

2nd settings window:
=> Settings -> Favorites & Last Used -> Label Assignments ... and here set Wildcard Filter or Label Filter

... is there a speed difference depending on where you set the wildcards?

One is global and the other only applies to specific folders.