B) gather a full matrix of the level of "correlation" between each column and
   each other column. If this were a single floating point number per pair
   then it might be feasible. It would still obviously be n^2 in the number of
   columns though, so there would have to be some way to limit on how many
   columns would be analyzed this way.

Use foreign keys to just record those cross-correlations.

Chris

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