While searching trough SO, I\'ve found two contradicting answers (and even a comment that stated that) but no definitive answer:
The problem is: is there any perform
If available on your MySQL version, use the InnoDB Barracuda file format using
innodb_file_format=barracuda
in your MySQL configuration and set up your tables using ROW_FORMAT=Dynamic (or Compressed) to actually use it.
This will make InnoDB to store BLOBs, TEXTs and bigger VARCHARs outside the row pages and thus making it a lot more efficient. See this MySQLperformanceblog.com blog article for more information.
As far as I understand it, using the Barracuda format will make storing TEXT/BLOB/VARCHARs in separate tables not valid anymore for performance reasons. However, I think it's always good to keep proper database normalization in mind.