Hello,


Static
all categorie pages (eventually detailed link pages will be build statically)
Advantages
great performance, quick loading, no database connection needed
Disadvantages
Depening on how many links/categories you have, it needs larger diskspace.

Dynamic
Advantages
No large diskspace needed,
changes will directly affected
Disadvantages
slower loading, pages should be parsed by page.cgi
continue database connection needed.

hope it helps