Benefits of JPMS/Project Jigsaw for Small Applications / Libraries

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I understand the benefits of the Java Platform Module System (JPMS) for large applications, but is there any reason to make a small library or application into a (single) module? If so, are Modular Jar Files the best means of accomplishing this, or is the normal approach preferred?

Going forward, will there be performance implications for modularized v. classpath programs?

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