I am working with the renderer for the very first time and I wanted to make sure that I understood exactly how these work and the difference between the two.
From what I understand and can see from tests, renderer.sharedMaterial returns the actual instance(s) of the Material at renderer.sharedMaterials[0] that is on the object.
This can be modified, and it will affect every use of this Material in the Scene.
renderer.material, on the other hand, creates a copy of renderer.sharedMaterials[0], which then replaces the original in renderer.sharedMaterials[0], and returns this new material. A duplicate object from the scene will not be affected to changes made to this material, and changes made by said duplicate object to it’s respective renderer.sharedMaterial[0] will not affect this new copy.
render.sharedMaterials returns the actual array (well a copy of the array(not the materials just the array)) of the materials. This particular array only applies to that particular renderer. Though the materials are shared, the arrays are not. Removing or adding a material to this array will not change any of the other objects in the scene. Changes to the materials them selves, however, will.
render.materials copies each Materials from renderer.sharedMaterials, replaces the originals with the copies in the array, then return a copy of the new array back. Again any of these materials can be manipulated without affecting or being affected by changes to the original material.
I hope that was not too long.
Do I have all of this correct, is there anything I am missing? I know this is not much of a question, per say, but I was left unsure from the Unity documentation. I apologize if I have taken an unfair amount of your time.