There are many questions & answers here addressing how to convert between WKT and WKB geometries, and about the specifications or implementation details. But what are the considerations for choosing between them in general, when there are no external requirements? For example, is WKB faster?
Or for my specific use case: I want to convert a shapefile to SQLite in QGIS, and have to choose between WKT and WKB. When should I choose one over the other?