Question - Speed of UPDATE Queries ?
Answer -
Update queries are optimized as a SELECT query with the additional overhead of a write. The speed of the write is dependent on the size of the data that is being updated and the number of indexes that are updated. Indexes that are not changed will not be updated.
Also, another way to get fast updates is to delay updates and then do many updates in a row later. Doing many updates in a row is much quicker than doing one at a time if you lock the table.
Note that, with dynamic record format, updating a record to a longer total length may split the record. So if you do this often, it is very important to OPTIMIZE TABLE sometimes.