When Is Complex Chunking Worth It? A Multi-Objective Evaluation of Chunking Methods at Scale

Dense retrieval is commonly evaluated on benchmarks that represent each document with a single embedding, even though real-world retrieval systems often index long documents that require chunking. In these settings, the chosen chunking method not only affects retrieval quality, but also indexing throughput, query latency, and memory usage. Prior comparisons of chunking strategies have mainly focused on retrieval performance, leaving operational trade-offs underexplored. To address these issues, we evaluate eight representative chunking strategies across two scalable corpora, three embedding models, and multiple corpus sizes, measuring both retrieval effectiveness and system-level costs. Our results show that computationally expensive methods rarely provide consistent gains over simpler chunking. Instead, the best performing strategy depends on the embedding model, dataset, corpus size, and target retrieval metric. Methods with similar performance can also differ substantially in operational cost, showing that chunking should be seen as a multi-objective design decision.