The last question: technically no, but you will probably want to deactivate it and use one of your activations for the new drive.
I use NTFS formatting, but I don't ever plug into a Mac. Get an answer from someone who does before you make your choice.
BIAB 2025 Win Audiophile. Software: Studio One 7 Pro, Swam horns, Acoustica-7, Notion 6, Song Master Pro, Win 11 Home. Hardware: Intel i9, 32 Gb; Roland Integra-7, Presonus 192 & Faderport 8, Royer 121, Adam Sub8 & Neumann 120 monitors.
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