ParsedStatement Behavior

[alfranio correia junior <alfranio(at)lsd(dot)di(dot)uminho(dot)pt>]

Please, if there is any archive on this let me know.
I was wondering if the reasons to have an specific protocol in order to 
prepare statements are:

1 - Previous versions of the driver used PREPARE and EXECUTE to 
implement server-prepared statements. This is supported on all server 
versions beginning with 7.3, but produced application-visible changes in 
query results, such as missing ResultSet metadata and row update counts.

2 - The need to transfer strange data types such as circle, point.

3 - To Improve performance as binary data type is usually shorter and 
avoid converting from text to binary and vice-versa.

Disregarding such reasons, might I use "prepare name statement" ?

Regards,

Alfranio.