Perhaps it does depend on the book, but I sideload all my books (either through Adobe or Calibre) since I also have my 8-year-old daughters' ebooks on my Kobo account and I don't need those synched onto my own Kobo. The speed of my page turns can't be attributed to using Kobo epub files.
I tweeted about Kobo also supporting .txt and .rtf files and Sameer replied, stating that support for these two file formats is still experimental. The files I've loaded seem to be working well, though.
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