Both I would think, though probably more effect on bending strength. Intuition suggests that deflection would not be as bad as with a 150 joist.For the purposes of deflection or bending strength?
I agree for the bending strength, but for deflection presumably the overall deflection would be better than a plain 150 joist, due to the thicker, less elastic parts taking a lot of the total amount of bending.
Or does it not exactly work like that?
Trying to work out the bending strength of beams of varying cross-section is a nightmare, often involving integration - I don't go there because I last did that in the 6th form and have forgotten most of it. Thankfully it's rarely a problem in practice, and if someone cuts into the underside of a joist in the middle, it's easier just to assume the whole joist is the reduced depth and check it on that basis.