> Sometimes ref-counting (Rc<T> in Rust) is fine, although that's more expensive than GC.

To nitpick: The jury's still out on that one, because Rc in Rust isn't thread-safe reference counting. I believe that non-thread-safe reference counting is quite competitive with global, cross-thread tracing GC.

When people (rightly) talk about how much slower reference counting is than tracing GC, they're almost always talking about either thread-safe tracing GC vs. thread-safe reference counting or single-threaded tracing GC vs. single-threaded reference counting. When you compare Rc to a typical multithreaded GC'd language, you're comparing multithreaded tracing GC to single-threaded reference counting, which is a much more interesting comparison.