BTW, there is a comparison of Apache, Cherokee and Lighttpd in the latest Linux-Magazin (July 2007, German). P.82 "Apache Alternativen".
Unfortunately the benchmarking was limited to ab -c 10 -n 1000 URL, just the speed of delivery of files. For small files (1 kByte) Lighttpd leads with 4808 req/sec against 2941 req/sec for Apache. For bigger files, 30 kByte and higher, virtually no difference.
PHP-Performance is even slighty poor: 226 against 307 of Apache.
Apparantly Lighttpd is feature-rich: FCGI, SCGI, Proxy, virtual hosting, user tracking, traffic shaping!
Memory usage was not measured.
Hardware and performance
Scaling online tests
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