Is specifying a column from a named range more efficient than calculating over a complete column?

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Under the hood of Excel do you think if I use named ranges, for say MAX calculations, it will be more efficient e.g.

I have a named range myNmdRang that is A1:Z20000 with no data in the remainder of the sheet. Column A contains some numeric values. The named range might get adjusted in length tomorrow to 500k rows or just 100rows.

Taditionally I do this to find the MAX in column 1:

Max("A:A")

Is the following more efficient and/or takes up less storage? (can this be proved)

Max(index(myNmdRang,0,1))

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