That options work fine, provided that all of your binary assets sit at one location in the tree, and that you just happen to have a Subversion server lying arou

That options work fine, provided that all of your binary assets sit at one location in the tree, and that you just happen to have a Subversion server lying around at the time. largefiles allows you to put your assets where you want, and allows you to avoid setting up a Subversion server.