Any file item can be linked or stored. Even imported files have the option to only be linked.
Let's say your UR db is in c:\data. If you put files in c:\data\files, you can then link to those and even if you move the whole c:\data directory somewhere else, the links will be maintained.
Whether to link or store really depends on what you are trying to do. There is some benefit to having your files stored in the database, because then you can back up or move only the UR db and still have all your files. However, if you are dealing with thousands of files, prefer a single UR database, and are disciplined enough to keep everything in the same directory path as your database, it seems to make more sense to link.
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