cut-through vs store and forward. This is basically the two ways that switches forward packets.
cut-through: As soon as the switch reads the destination MAC address it starts forwarding the frame out the destination port. If you remember what a L2 frame looks like the destination MAC is the first thing in the packet. This lets the switch begin forwarding the frame quickly, and helps reduce the need for buffers to store the entire frame. The downside is that if there is corruption further into the frame the switch won't see this before it has started forwarding the frame, and so the error will propagate.
store and forward: The switch waits for the entire frame to show up, and then makes the forwarding decision. Requires bigger buffers in the switches (especially when doing jumbo frames), but can prevent bad frames from moving forward because the switch can check FCS before sending it on.
I would say normally nobody really cares what the switch uses. Even the speed increase of cut through is very small. There are also cases where a cut through switch will use store and forward. Going off memory it will move to store and forward if the outbound link is faster than the inbound. If you try to cut through a frame coming into the switch at 1G out an interface running at 10G you end up with a lot of empty time while you wait for the rest of the frame to show up at 1G.
I would also wonder what security measure he thinks a subnet mask gives.
-Otanx