Definite & noticable boost (about 8-9 -> 12) to performance switching all my "On Collisions" to "Is Overlapping" ... thank you for this.
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An additional 3 FPS gained when disabling collisions for all planets further than 1000 pixels from player X,Y...
Thank you guys for this. game now running at 15~20 FPS in the iPad simulator haha.