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From Scenario: Procurement
The procurement department uses SharePoint to store contracts and related documents. You must store these documents in as few document libraries as possible. The documents may contain precedents or terms that are relevant for reuse. The procurement site stores over 20 million documents. The term store for the site contains two million terms.
Note: The two types of libraries that use templates are document and form libraries.
Document Libraries: You use a document library to store and manage many different file types, including documents, spreadsheets, presentations, text files, and other types of files. A document library is often the most common location on a site where you can create, collect, update, and manage files with team members and share with other colleagues throughout your business or enterprise. You can use a document library as a general-purpose file repository, or you can use it for a specific purpose. For example, a marketing team may have its own document library for planning materials, news releases, and publications.
Not A: Display templates in SharePoint are templates used in web parts that use search technology to show the results of a query made to the search index. Display templates control which managed properties are shown in the search results, and how they appear in the web part.