Hugo Kornelis (5/1/2013)
As the explanation refers to the BOL page on REPLICATE, and not to the page on SET ANSI_WARNINGS, I suspect it was the former.
However ...
1. Rounding numerical data is not an overflow condition; AFAIK this does not raise an error regardless of ANSI_WARNINGS setting;
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I imagine that was it.
Despite all that, it is an interesting question. Actually, until I saw the explanation I thought it was a very good question, but unfortunately that explanation will probably confuse quite a few people.
Tom