How to setup Financial reporting on D365FO local One box VM

Using Financial reporting (aka Management Reporter in Ax2012) on local DEV D365FO one box requires some addition settings, that are not yet documented. This post describes the problem and a possible solution.

Do we really need index hints? (forceLiterals vs forcePlaceholders)

Index hint is a new feature announced in D365FO PU23. When do we need it and what is the performance overhead of others alternatives.