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Using the Cache

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Hi Everyone!


I've seen a few threads touching on cache issues, so I re-checked my situation regarding the cache.


In my Admin>Configuration>Cache, Use Cache is set to True, and the Cache Directory is set to /catalog/cache/ .


But in Tools>Cache Control, I see this error message: "Cache directory does not exist. Please set this Configuration->Cache."


I assume this just means that I need to create the directory and the cache will start working.


My question is, will using the cache enable quicker page-loads? Is that the point of the cache? Are there any down-sides or pitfalls to using the cache?


My site has 57 products distributed into 4 categories, and usually has 4-10 users browsing at any given time.


Thanks for any info!



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