Personally, I wouldn't even consider using FAT32 when NTFS is an
option. FAT32 has no security capabilities, no compression
capabilities, no fault tolerance, and a lot of wasted hard drive space
on volumes larger than 8 Gb in size. But your computing needs may
vary, and there is no hard and fast answer.
To answer your questions without getting too technical is
difficult, but has been handled quite well by Alex Nichol in the
article here:
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