Solution 1:

It depends on what you are intending to do with it.

Sets are significantly faster when it comes to determining if an object is present in the set (as in x in s), but are slower than lists when it comes to iterating over their contents.

You can use the timeit module to see which is faster for your situation.

Solution 2:

Lists are slightly faster than sets when you just want to iterate over the values.

Sets, however, are significantly faster than lists if you want to check if an item is contained within it. They can only contain unique items though.

It turns out tuples perform in almost exactly the same way as lists, except for their immutability.

Iterating

>>> def iter_test(iterable):
...     for i in iterable:
...         pass
...
>>> from timeit import timeit
>>> timeit(
...     "iter_test(iterable)",
...     setup="from __main__ import iter_test; iterable = set(range(10000))",
...     number=100000)
12.666952133178711
>>> timeit(
...     "iter_test(iterable)",
...     setup="from __main__ import iter_test; iterable = list(range(10000))",
...     number=100000)
9.917098999023438
>>> timeit(
...     "iter_test(iterable)",
...     setup="from __main__ import iter_test; iterable = tuple(range(10000))",
...     number=100000)
9.865639209747314

Determine if an object is present

>>> def in_test(iterable):
...     for i in range(1000):
...         if i in iterable:
...             pass
...
>>> from timeit import timeit
>>> timeit(
...     "in_test(iterable)",
...     setup="from __main__ import in_test; iterable = set(range(1000))",
...     number=10000)
0.5591847896575928
>>> timeit(
...     "in_test(iterable)",
...     setup="from __main__ import in_test; iterable = list(range(1000))",
...     number=10000)
50.18339991569519
>>> timeit(
...     "in_test(iterable)",
...     setup="from __main__ import in_test; iterable = tuple(range(1000))",
...     number=10000)
51.597304821014404