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I don't know about today. But WinRAR could handle very large files without issue. It would automatically breakup a huge file into a series of smaller compressed files. 7zip AFAIK struggled with larger files. I don't know if things have improved or not.

Not sure what's considered large but I've created 50-150GiB (after compression) encrypted archives with 7zip just fine

This was years ago when I had database backup files to be SFTP from New York data center to California. The backups were half a terabyte or more. It was quite an ordeal back then.

That was my first encounter with RAR in the dos days - multiple volume archives, with each 1.44 filled to the brim.

File sharing sites where you would download 13 .rar files and get yourself a .zip through to .z12 from the set.

Indeed it might. It's been more than decade since I last used them.

no recovery record on 7z