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I'd prefer a DM to hounds, since a DM is generally tougher vs. pot shots and has a gun so if it's done or otherwise not in position, a ranged attack is way more flexible than a melee attack, and I don't find myself putting out a ton of scheme markers (and the DM puts down another one on death).

Hounds are really fast, but I prefer them when using the schemes as charge beacons and having them follow up in centralized schemes for cheap charges, rather than using them to do much of the scheme running themselves.