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On non variant data, "Flatten to String" and "Variant to Flattened String" have the same output.
On Variant data, "Variant to Flattened String" ouputs the flattened string and type string of the sub-type held in the variant. All variant attributes are lost in the process since they belong to the variant, not to the subtype.
"Flatten to String" operates on variants like on any other types, returning the type string of a variant and all its flattened data, including any attributes.