Macro's are evaluated inside of 'defun, however, 'defun is evaluated during runtime (when the .lisp file is being loaded into the implementation) so base698 is

Macro's are evaluated inside of 'defun, however, 'defun is evaluated during runtime (when the .lisp file is being loaded into the implementation) so base698 is technically correct. Excepting that it is not really "fraught with danger" unless you are redefining macro's that have already been expanded and cached in function definitions.