<< I keep hearing this, but it doesn't feel like it >>
There are certain features with NTFS that are set by default to make the filesystem more redundant and failsafe, that are usually not needed other than on servers. You can turn those off and gain some extra speed of the filesystem. Ill see if i can find a link with the details for you.
<< But it apprears to defragment much slower. >>
Actually it doesnt. Its just that W2K comes with a very crappy defragmenter. I use Raxco Perfectdisk 2000, and it defragments my drives in under 30 mins. And it allows me to defragment remote stations, but thats a different thing. I also hear Norton Speeddisk is MUCH faster than the original defragmenter.
<< Aha, smaller clusters = slower, no? >>
That depends. NTFS lets you choose the cluster size you want when you format it, and you should chose wisely depending on the use of the drive and the amount and size of those files.
If you have lots of large file on a disk, ie a disk full with MP3's at cd quality, you will want to make the clustersize large to speed up things, yet when you have a disk full of small files, like word documents, you will want to make the clustersize smaller to not waste too much space. Of course its always a compromise between speed and space.