Which version of the same measure would result in faster querying from resulting cube (or would they have the same query speed)?
Define the measure as a count distinct of <FactX> in the fact table.
OR
Create a dimension table with a primary key of <FactX>, and define the measure as a count of rows of this table.
Note: <FactX> has many levels: Count(Distinct FactX)/Count(*) ~ .8