(This is a repeat of: How to correctly read an Interlocked.Increment'ed int field? but, after reading the answers and comments, I\'m still not sure of the right answer.)
Will both work (in the sense of delivering the latest value possible regardless of optimizations, re-orderings, caching, etc.)?
No, the value you get is always stale. How stale the value might be is entirely unpredictable. The vast majority of the time it will be stale by a few nanoseconds, give or take, depending how quickly you act on the value. But there is no reasonable upper-bound:
Whatever you do with the value needs to take this into account. Needless to say perhaps, that's very, very difficult. Practical examples are hard to come by. The .NET Framework is a very large chunk of battle-scarred code. You can see the cross-reference to usage of VolatileRead from the Reference Source. Number of hits: 0.