I only use SSDs, whether internal or external type. Because they are solid state technology, they have fast read/write and no mechanical failure. If you utilize external type (for off-line back-up or mobility), you may want to consider independently encrypted models.
“The best thing about the future is that it comes one day at a time.” - Abraham Lincoln
AC26 USA on 16” 2019 MBP (2.4GHz i9 8-Core, 32GB DDR4, AMD Radeon Pro 5500M 8G GDDR5, 500GB SSD, T3s, Trackpad use) running Ventura OS + extended w/ (2) 32" ASUS ProArt PAU32C (4K) Monitors