NTFS is for disks, FAT32 is good for drives with files 4 GB or smaller, exFAT is designed for large removable drives with files larger than 4 GB. Choose accordingly.
I believe FAT32 is limited to drives 32 GB or less also.
That I don’t know DanTheMan07. I usually take the default Windows suggests but if all my files were going to be large and I had a lot of memory I might choose differently.