This really comes down to is the server going to be on the same network.
In other words? Hands down store a link to the file(s) in question. The reason is HUGE.
For example:
Say you have a huge folder of PDF's that are linked and managed from the Access front end. Well, now I can use ALL KINDS of tools to process, to browse, to see, to use those files and can do so OUTSIDE of Access. And this applies to darn near any database.
Often say the PDF is 2020-12-06 I34343.PDF
So, we can now grab a invoice I34343 from that folder based on today's date. I don't even need the software to do this. So now other code systems, other programs can directly grab and use those files. Heck even a batch file to print some PDF's each night can be written and run outside of Access.
So, having worked with both files "inside" of a database vs those outside? Hands down the winner is folders and files - and a link to those files. It is trivial to have some button or link in a Access form, and when pressed you load, consume, display, process, print or do whatever with those say PDF files. If you place the files inside of the database, then you can't read and grab and use those files with great ease.
There is however ONE big exception to this rule.
That is if the server + database are NOT on your network and you don't have a common file share system. So for example, you might be building a web site or using hosted SQL server. You have a socket connection to that database, but you will NOT have use of the file system from that server platform. In that case, then storing the files inside of the database can be a great benefit since you don't need a file system anymore.
So now any system that can connect to the database can also pull files. So, I don't recommend storing files in the database - it is a choice with TONS of limitations and simple file operations, copy of files and use those files becomes a royal pain.
But, if you don't have a common file share system? Then files in the database as opposed to file paths is a option. When you have the choice and a file system avaiable? Then for sure go with file paths. It also means for archive, backup, and searching the PDF's etc you can use a truckload of other search tools. If you tie up the files in the database then your options become very limited.
Another really big use case for storing in the database? Thumb nails and previews. In may cases for such tiny files and you have this "extra" preview file for every file on the system? Then you can elminate file clutter and for every say PDF file, then the preview thumbnail file would cause a massive file count bloating. So for small files, then again a use case can be made for storing in the database. For example, on this web page while the PDF files are stored in a big PDF file folder system + hierarchy? I did not want to mess up all those files with a jpg or PNG file preview.
In above, the PDF preview thumbnail is stored in the database. This thus does NOT clutter up the nice PDF and folders with a preview file. And there are other systems that scan/read and take actions on files dropped into the file folders. So once again, external files hands down allows more options and even 3rd party software that can do things on those files without having to use the database (that the 3rd party tools may not even support).
So storing files or images in a database? For lots of small files, then a good case can be made for storing in the database since it can reduce file and folder clutter by huge amounts.