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XenForo Cache Options - Shared Server

#1
Sorry if this seems like a stupid question, but...

This is the best option?

Thanks

$config['cache']['enabled'] = true;
$config['cache']['cacheSessions'] = true;
$config['cache']['backend'] = 'File';
$config['cache']['backendOptions'] ['cache_dir'] = '/path/to/internal_data/cache';
$config['cache']['frontend'] = 'Core';
$config['cache']['frontendOptions'] ['cache_id_prefix'] = 'xf_';