Carbonite used to keep its' profiles in the "
Path to your WoW folder\WTF\Account\ACCOUNT NAME\SavedVariables\".
ALL of the profiles were in one file: "
Cabonite.lua". That was one massive file if you had a lot of characters. I should know - I had 40 or so characters before Rythal took over Carbonite. Even now that file is 1.18 MB.
Carbonite
used to keep one SV in the character folder, but it was the flight points that character knew. Now it doesn't keep any (as far as I know) SV's in the character folder. But that's a good thing. Less files for Carbonite to iterate over
may make it faster. But then again, I could just be talking out my bung-hole.