Fat32 is faster, and only takes files up to 4 gigs. NTFS is slower, has alot more security, recovery, and takes files greater than 4 gigs, this is why most usb thumbsticks, external harddrives take fat32, I usually change my extern hd's to NTFS, for files greater than 4 gigs, this will delete everything on it, but it is noticebly slower, as I have experienced, and i as i read.
I've never heard that performance statistic before, but the reason that FAT32 is primarily used over NTFS on thumb drives is because a FAT32 filesystem doesn't need to be dismounted before it's disconnected. With NTFS, you have to detach the device prior to unplugging it or else you might lose data in the write-behind.
Also, NTFS supports encryption, file ownership and security.
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