Is The Registration Level Redirect Just As Effective As A Hosting Level Redirect?

In episode 120 of Semantic Mastery’s weekly Hump Day Hangouts, one viewer asked if redirecting a domain on a registration level is as effective as doing it on a hosting level.

The exact question was:

Also, is the registration level redirect just as effective as a hosting level redirect? Is one better than the other for passing the link juice along?

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