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SN74AXC4T774: Powering Down Device vs Disabling Output

Part Number: SN74AXC4T774

Hello,

I want to be able to switch from using the pins on this device as IO and Hi-Z. When I put the pins in H-Z using OE will the pins behave any different than powering down the device?

In other words if I can power down the device would signals to the device see the same impedance as putting the pins into Hi-Z using OE?

Thanks,

Vibhu