If I study it as separate facts: the Pro is I can use spaced repetition to greater effect, not reviewing the parts I know better, but the loss of the picture and the spatial memory makes it not worth the cost. (Note that the "big picture" isn't a single sentence I can write down; it's noticing trends in the data, how column A and B are similar except in in key areas, etc.)
Why not do both? The thing about SRS flashcards is that facts that you have strong recall of are nearly costless to add, because the review schedules get spaced into very large intervals (weeks, then months or even years), and it only takes a split second to see a card and realize it's easy. So you could learn from tables if that really is more efficient for you, but having the data in SRS card form as well is a good insurance policy.
Frankly, because at the volume I was running, it was far too great an investment of time. When I stopped, I had about 75-100 scheduled (learned) flashcards per day if I added nothing the day before, though I usually added 60-some every day. The cards would take me 1-2 hours, and the amount kept building as I was adding to it faster than I was pushing them "out".
Additionally, here our mileage may vary, but even with easy flashcards I occasionally find myself staring dumbly at it for ten or more seconds before I realize what it's asking and smack m...
LessWrong seems to be a big fan of spaced-repetition flashcard programs like Anki, Supermemo, or Mnemosyne. I used to be. After using them religiously for 3 years in medical school, I now categorically advise against using them for large volumes of memorization.
[A caveat before people get upset: I think they appropriate in certain situations, and I have not tried to use them to learn a language, which seems its most popular use. More at the bottom.]
A bit more history: I and 30 other students tried using Mnemosyne (and some used Anki) for multiple tests. At my school, we have a test approximately every 3 weeks, and each test covers about 75 pages of high-density outline-format notes. Many stopped after 5 or so such tests, citing that they simply did not get enough returns from their time. I stuck with it longer and used them more than anyone else, using them for 3 years.
Incidentally, I failed my first year and had to repeat.
By the end of that third year (and studying for my Step 1 boards, a several-month process), I lost faith in spaced-repetition cards as an effective tool for my memorization demands. I later met with a learning-skills specialist, who felt the same way, and had better reasons than my intuition/trial-and-error:
Here are examples of the typical kind of things I memorize every day and have found flashcards to be surprisingly worthless for:
Here is what I now use in place of flashcards:
Spaced repetition is still good for knowledge you need to retrieve immediately, when a 2-second delay would make it useless. I would still consider spaced-repetition to memorize some of the more rarely-used notes on the treble and bass clef, if I ever decide to learn to sight-read music properly. I make no comment on it's usefulness to learn a foreign language, as I haven't tried it, but if I were to pick one up I personally would start with a rosetta-stone-esque program.
Your mileage may vary, but after seeing so many people try and reject them, I figured it was enough data to share. Mnemonic pictures and memory palaces are slightly time consuming when you're learning them. However, if someone has the motivation and discipline to make a stack of flashcards and study them every day indefinitely, then I believe learning and using those skills is a far better use of time.