Thanks for the response. I had run across the link you provided and was hoping this was just when using the 5.5 converter. Tried using 4.3 and received the same issue. I'm now reaching out to the owner of the system to see if there are any concerns of impact when changing from FAT32 to NTFS.
One follow up question: Since it states 'at least one NTFS volume is needed'. Then it shouldn't matter if I convert either the system or data drives? (since I have two drives)