The text could be stored in the database using either markdown, bbcode, html, etc. Should I remove any allowed tags from the search terms? Does your markup parser have any method to assist in that task?
I was going to use like '%searchword%' queries. Does full text search offer any advantages for such a simple text search?
Update: It seems there is a real plethora of ways to do this. I'll clarify my situation a little more. It's for a company's job posting website, about 5 or 7 varchar columns are open to the search (4 of which will allow markup), approximately 150 active job postings at any given time.