Paul White (8/8/2009)
HashBytes (perhaps including the PK as a salt) is a good choice if the task is to detect changes.CHECKSUM is quick and efficient for creating hash indexes - which are awesome if you need to search long strings (for example).
Even then, it can and will give an incorrect answer if you rely only on it. I'll admit that CHECKSUM will help narrow things down on long strings, though.
--Jeff Moden
Change is inevitable... Change for the better is not.