stereo files (2 channel) at 24/96 is about 0.5 MB/s data rate. multiply that by 8 (16 channels = 8 stereo channels), and you get a data rate of approximately 4 MB/s. Any hard drive should be more than sufficient, even at USB 2 speeds, let alone USB 3 speeds. Don't worry about speed, as much as reliability and manufacturer warranty.