I would assume the difference is mostly negligible in practice due to the allocator rounding up the allocated memory size at least by the word size anyway (for alignment and simpler bookkeeping). You can also use variable-length encoding in the header to use 1 byte for most cases, similar to how UTF-8 does it: if the most significant bit is not set, we assume a 7-bit encoding, which can represent string lengths up to 127 using 1 byte, which is probably 99% of strings.