My thoughts.... personally, I would go for an 8tb ssd. They are not cheap, but in my country, they are about the same price as a 16tb HDD. I actually had a storage hdd, which had an oddity where the sound was a little out of sync with the picture, but really not noticable with the 4tb ssd I now have.
(p.s. I personally don't have too much faith in western digital hdd's though, I had two fail rather quickly.)