Marking a function inline means that the compiler has the option to include in "in-line" where it is called, if the compiler chooses to do so; by contrast, a macro will always be expanded in-place. An inlined function will have appropriate debug symbols set up to allow a symbolic debugger to track the source where it came from, while debugging macros is confusing. Inline functions need to be valid functions, while macros... well, don't.
Deciding to declare a function inline is largely a space tradeoff -- your program will be larger if the compiler decides to inline it (particularly if it isn't also static, in which case at least one non-inlined copy is required for use by any external objects); indeed, if the function is large, this could result in a drop in performance as less of your code fits in cache. The general performance boost, however, is just that you're getting rid of the overhead of the function call itself; for a small function called as part of an inner loop, that's a tradeoff that makes sense.
If you trust your compiler, mark small functions used in inner loops inline liberally; the compiler will be responsible for Doing The Right Thing in deciding whether or not to inline.
answered 2008-09-25T11:40:04.667