This is actually really funny, when I went to format it there were only two options:
NTFS and the default exFAT…
Obviously, you said NTFS was for disks, “NTFS is for disks”
Also, you said " exFAT is designed for large removable drives with files larger than 4 GB."
So, exFAT is my choice!
edit: I would choose 128 kilobytes allocation size, correct?