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Steaks and fish can be cooked directly on the coals.
Suspending your food over the fire lets you regulate the temperature a lot more than directly on the fire.
Don't cook too close to where you sleep if you are In predator County.
I like to keep my larger container for boiling/cooking directly on the fire, and my smaller container for only boiling water on a camp stove. Saves me a ton of time on clean up, and I always have a container ready for tea.