This function will only check for the presence of a file - which means access to the disk (which may take a little time, but not so much)
Given that your application is probably made up of dozens (if not hundreds) of PHP files that you need to read for each request, I don’t think that one file_existsmatters.
(Well, at least while you check the file on the local drive - do not miss a single network drive or something like that)
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