"FAT32 limitation is that it has a file size limit of 4GB
exFAT: maximum file size of 16 exabytes
One downside to exFAT is that it doesn’t have any journaling functionality,
NTFS can be read by Mac OSes, but not written to without third-party software. This means if you plug an NTFS-formatted thumbdrive into a Mac you can copy the contents from it, but you can’t alter the contents or write to it, so it’s not good for cross-platform sharing.
In summary, for USB drives, you should use exFAT if you’re in a Windows and Mac environment, and NTFS if you’re only using Windows."
What’s the Difference Between FAT32, exFAT, and NTFS?
FAT32 vs. NTFS vs. exFAT - Difference Between Three File Systems
(more is better)
Differences between FAT and NTFS @ SanDisk.com
"NTFS has several improvements over FAT such as improved support for metadata and the use of advanced data structures for reliability, and disk space utilization, plus additional extensions such as security access control lists and file system journaling.
Notes for Flash Drives:
- Formatting the flash drive as NTFS will make it unwriteable on a Mac computer. Most Mac computers can read NTFS, but not write.
- NTFS is a journaled file system, this creates more read/write activities. Therefore, it MAY decrease life expectancy of your flash drive.
- Once the device is formatted as NTFS, you MUST use "Safely Remove Hardware" to remove your device."