Do you mean that a Parameter can serve as a Constant? I think a Constant is still needed because it's value doesn't change during simulation and can be inlined into the C code generated for the Stateflow chart, without needing to read it from the workspace (like you might need to do for a Parameter, especially in case of a tunable parameter which can change during simulation). So if you are using a constant value which doesn't change, it is might be more optimal to declare it as a constant.
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