After reviewing some documentation on the matter from MS and other sources, this was the findings:
1. NTFS is faster because it manages the MFTs (Master File Tables) better. It does this by permitting "indexes" to your data to be spread through out your drive, thereby providing a faster acquisition/load of files and software.
2. NTFS is more fault tollerent. This means that there are fewer lost chains and/or overlapped files (they still occur, but with less frequency).
3. NTFS reports on the status of an object more accurately. This means that when the object starts to decay and/or is corrupted by overlapping, it is better able to "decide" which file is priority and to correct the issue. (FYI: Files will decay after a very long period of inactivity - generally 18-24 months since they do not get "rewritten" due to updates and/or moves of the file. NTFS recognizes this and helps to keep the files "current".)
4. FAT32 is just an extension of FAT. This means that the problems that occur in FAT are migrated to FAT32 (not all, but many). To maintain a > 8 character file name, the FAT32 has to maintain the data in multiple locations, and not often in the same sector/cluster, thereby increasing demand on disk I/O. NTFS attempts to maintain the file "header" data in one location so that file I/O is kept to a minimum.
Anyway, that's what I've read and been told by those that supposed to "know".
If I'm wrong, please enlighten me - I certainly want to improve my knowledge.
- Jim