I have a small iPhone app that stores a list of objects. The user can add and remove objects, but this list will remain fairly small (most users would have 10-30 objects). <
NSUserDefaults is for user preferences, usually basic objects like NSString or NSNumber. Sqlite, serializing a collection of objects in a property list, or Core Data are all valid options for storing user data such as model objects you created.
You're not going to see a speed difference, but it's still best to pick the correct mechanism for what you're doing. If it's just preferences then use NSUserDefaults, otherwise I would serialize your objects to a plist. If you're new to Cocoa I would avoid Core Data and even sqlite at first, to give yourself a chance to learn the basics first.