You aren't going to notice a difference when running a normal model.
The high precision mode is used for emulation purposes when you are trying to synchronize FlexSim with another process.
If the calculation for the time between executing events (real time, not simulation time) can be accurately stored in a double precision variable, then this setting is irrelevant to your simulation. If the real time between executed events is losing accuracy because of double precision, then you can use this setting to calculate the time between events using 64-bit integer datatypes.
You are unlikely to ever need this setting. If you need it, then you will understand it.
It doesn't affect the simulation results. It only affects the calculation for the runspeed as it is related to real time. In most models, the accuracy of the run speed ratio is irrelevant. Whether you are running at 2.00000000 times real time or 2.00000001 doesn't make a difference.
Phil BoBo
Sr. Manager, Software Development