exFAT vs. NTFS vs. FAT32 - Difference Between Three File Systems
What's USB Format for PS3 | How to Free Format PS3 USB - EaseUS
PS3 external hdd what is the best software to convert NTFS to FAT32 - Console Gaming - Linus Tech Tips
Free] How to Create FAT32 Partition for PS4 and PS3 within Clicks?
MultiMan can read NTFS formatted drives connected to your jailbroken PS3 as shown in the linked video so you don't need to split huge games in FAT32 drives and merge them again.
Formatting a large USB HDD with FAT32 for use with PS3 - Team-BHP