diff --git a/DISCUSS.md b/DISCUSS.md
index fcc281b..dc94160 100644
--- a/DISCUSS.md
+++ b/DISCUSS.md
@@ -47,16 +47,26 @@ So the options are genuinely three, and none is free:
 
 ## 2. Annotating the IR and the disassembly with the source
 
-The compiler should interleave the originating Flan expression into both the emitted LLVM IR and the disassembly
-listing.
+**The IR half is nearly free and should just be done.** `emit.ml` writes `.ll` as text, so a comment costs nothing and
+cannot break anything, and every typed IR node already carries a `Loc.t`.
 
-What already exists: `emit.ml` writes `.ll` as text, so a comment costs nothing and cannot break anything. Every typed IR
-node carries a `Loc.t`. DWARF is emitted under `--debug`, with a line table naming the `.flan` file, and the disassembly
-listing already rebases addresses and annotates cells, calls and branch targets. So both halves have the information
-already; what is missing is the interleaving.
+**The disassembly half, with the optimisation question settled.** `objdump` already interleaves source into a listing
+when DWARF is present (`-S`), and the daemon already shells out to objdump — so the `-O0` case is close to a flag.
 
-The IR half is nearly free. The disassembly half is more interesting and more valuable — it is what would let you see
-what one line of Flan actually costs, including the indirection cell a dev build puts on every cross-function call.
+Settled in conversation: **`-O0` is expected to follow the source and gets the full annotation; `-O2` is not expected to
+and gets either nothing or whatever best-effort mapping falls out.** That removes what looked like the blocking
+question. `--debug` forcing `-O0` is therefore fine and does not need decoupling for this.
+
+**How SBCL does it, since it came up.** SBCL does *not* shell out. `sb-disassem` is its own disassembler, written in
+Lisp, that knows the instruction encodings directly. What that buys is annotation from the inside: it labels constants
+the function references, names the functions being called, marks entry points, and shows its own calling conventions —
+because it compiled the code object and still holds the metadata.
+
+The relevant observation is that **this project is closer to SBCL's position than the objdump route suggests.** The
+daemon owns the build and holds the metadata too; it simply is not feeding much of it into the listing yet. Naming the
+function behind an indirection cell, or a constant by its source name, needs no instruction decoder — only the
+information the daemon already has. Writing a disassembler is not the interesting part and should stay off the table;
+richer annotation of objdump's output is cheap and is where SBCL's advantage actually comes from.
 
 ## 3. `def`, `defvar`, `defconst`