Concatenation is (significantly) faster according to my machine. But stylistically, I’m willing to pay the price of substitution if performance is not critical. Well, and if I need formatting, there’s no need to even ask the question… there’s no option but to use interpolation/templating.
>>> import timeit
>>> def so_q_sub(n):
... return "%s%s/%d" % (DOMAIN, QUESTIONS, n)
...
>>> so_q_sub(1000)
'http://stackoverflow.com/questions/1000'
>>> def so_q_cat(n):
... return DOMAIN + QUESTIONS + "https://stackoverflow.com/" + str(n)
...
>>> so_q_cat(1000)
'http://stackoverflow.com/questions/1000'
>>> t1 = timeit.Timer('so_q_sub(1000)','from __main__ import so_q_sub')
>>> t2 = timeit.Timer('so_q_cat(1000)','from __main__ import so_q_cat')
>>> t1.timeit(number=10000000)
12.166618871951641
>>> t2.timeit(number=10000000)
5.7813972166853773
>>> t1.timeit(number=1)
1.103492206766532e-05
>>> t2.timeit(number=1)
8.5206360154188587e-06
>>> def so_q_tmp(n):
... return "{d}{q}/{n}".format(d=DOMAIN,q=QUESTIONS,n=n)
...
>>> so_q_tmp(1000)
'http://stackoverflow.com/questions/1000'
>>> t3= timeit.Timer('so_q_tmp(1000)','from __main__ import so_q_tmp')
>>> t3.timeit(number=10000000)
14.564135316080637
>>> def so_q_join(n):
... return ''.join([DOMAIN,QUESTIONS,"https://stackoverflow.com/",str(n)])
...
>>> so_q_join(1000)
'http://stackoverflow.com/questions/1000'
>>> t4= timeit.Timer('so_q_join(1000)','from __main__ import so_q_join')
>>> t4.timeit(number=10000000)
9.4431309007150048