Some comments from @sipa in #12702.

___

Yes, I think `importmulti` is superior in every way, except:
* Slightly less convenient to use (it requires redundant information, as you have to explicitly state what you want to import, and then give the keys/... to enable that).
* ~Doesn't support P2SH-P2WPKH yet~. Added in #14454

The latter can be fixed by just adding support for that case. The former can be improved by adding 'default' cases (e.g. if you prove a WIF private key, it can permit omitting the address, ...).

{
    std::shared_ptr<CWallet> const wallet = GetWalletForJSONRPCRequest(request);
    CWallet* const pwallet = wallet.get();
    if (!EnsureWalletIsAvailable(pwallet, request.fHelp)) {
        return NullUniValue;
    }
    if (request.fHelp || request.params.size() != 2)
        throw std::runtime_error(
            "setlabel \"address\" \"label\"\n"
            "\nSets the label associated with the given address.\n"
            "\nArguments:\n"
            "1. \"address\"         (string, required) The bitcoin address to be associated with a label.\n"
            "2. \"label\"           (string, required) The label to assign to the address.\n"
            "\nExamples:\n"
            + HelpExampleCli("setlabel", "\"1D1ZrZNe3JUo7ZycKEYQQiQAWd9y54F4XX\" \"tabby\"")
            + HelpExampleRpc("setlabel", "\"1D1ZrZNe3JUo7ZycKEYQQiQAWd9y54F4XX\", \"tabby\"")
        );
    LOCK(pwallet->cs_wallet);
    CTxDestination dest = DecodeDestination(request.params[0].get_str());