AxWald wrote:When hashing the lines the computation time/ line stays roughly the same.
The computation time w/o hash rises the longer the line is.
At ~24 items in the line the times are equal.
Above 24 items the hashing is faster

Thanks for that test stack. Makes sense when using strings longer than the ones Ross showed, since SHA1 will reduce the string to a 20-byte value, so once we get past a certain length the overhead of SHA1digest is more than offset by the savings in the shorter comparisons.
There may be some variance due to CPU speed and/or instruction set features, as here I get a slightly slower score for the hash option at 25 items, but bumping that up to 50 shows hashing the clear winner.
While I had your handy test stack in hand I got curious about performance differences across recent LC versions, discovering that LC v8 is roughly on par with v6 and
much faster than v7 (the latter isn't surprising given an optimization for lineoffset and some other operations in v8 that allows for more specialized handling of different delimiter lengths with Unicode than was first implemented when Unicode premiered in LCv7).
FWIW here are my results, running under Ubuntu 14.04 on a Haswell G3220 @3 GHz:
LC v6.7
-----------------------
25 items - String - 0 hits: 220 ms
25 items - Hash - 0 hits: 236 ms
25 items - String - 26 hits: 231 ms
25 items - Hash - 26 hits: 251 ms
--
50 items - String - 0 hits: 428 ms
50 items - Hash - 0 hits: 235 ms
50 items - String - 7 hits: 426 ms
50 items - Hash - 7 hits: 230 ms
LC v7.0.4
-----------------------
25 items - String - 0 hits: 357 ms
25 items - Hash - 0 hits: 375 ms
25 items - String - 26 hits: 419 ms
25 items - Hash - 26 hits: 427 ms
--
50 items - String - 0 hits: 713 ms
50 items - Hash - 0 hits: 374 ms
50 items - String - 7 hits: 728 ms
50 items - Hash - 7 hits: 383 ms
LC v8.1.1 RC1
-----------------------
25 items - String - 0 hits: 192 ms
25 items - Hash - 0 hits: 208 ms
25 items - String - 26 hits: 243 ms
25 items - Hash - 26 hits: 254 ms
--
50 items - String - 0 hits: 432 ms
50 items - Hash - 0 hits: 203 ms
50 items - String - 7 hits: 451 ms
50 items - Hash - 7 hits: 224 ms