This only makes a difference in terms of memory size, not in terms of speed, because for decades processors and compilers have been optimized for moving bytes around.

But one would note that in order to gain memory for this particular case of slicing, one introduces 2 extra words (size and pointer) for every other cases. Like perhaps the second most common string operation, concatenation. In those other cases, the benefit is slightly negative.

I've had extensive experience with "counted strings" because I implemented a bunch of Forth interpreters which also uses this scheme. Including the common trick of using counted and zero-terminated strings, which is the worst of both worlds in the end. Forth is the kind of language that quickly show you how bad your choices are.

I eventually dropped all that and adopted ASCIIZ strings because they are generally more efficient (if you pay attention to the strlen() performance pitfalls) and having a dead simple interface with the rest of the world (OS, libraries) is more valuable.