The Components Feature is a new, intuitive way to expand content modeling capabilities. In the past, Content Creators have been restricted to rigid content structures which can slow down content creation and make it difficult to create more customized content types. With the introduction of Components, teams can create reusable content templates which can be used across different content models making content creation significantly faster by reducing complexity (and increasing flexibility).
This is the most restrictive choice as it only allows one Component ensuring Content Creators are limited to the number of components due to the content needs of the desired output. A good instance of when a Basic Component would work is in the case of adding a collection of fields that would be necessary to create a hero with a singular content requirement or Field Type.
This is more dynamic as it allows for multiple Components. This is a powerful tool, especially in cases where Content Creators require more flexibility and may need to expand on what information is available. To keep with the hero example, Modular Components would be useful in instances where Content Creators and Managers needed to add items like Image, Video, and SEO text fields.