Earlier quoted context omitted.
I record and produce my own music as a hobby. Each project can easily reach gigabytes in size, and my biggest projects are eight gigabytes or so (eight drum mics, guitar, bass, vocals, and synthesizers, all uncompressed 24/96 audio, often with a number of different takes). I go through HDDs very quickly. I know that for development and most uses bigger HDDs are unnecessary, but for media production these improvements…
Why not use FLAC? It gets 50-70% compression and is lossless.
It would be interesting to have a media-friendly archive file format for the final tracks of completed projects that automatically compresses/decompresses WAVs as FLAC...and other raw data formats as their losslesss counterparts...closest thing I can find is zipx with wavpack.