Larry Jordan has a great article about why you don't want to use APFS on a Hard Disk:
https://larryjordan.com/blog/apfs-i...campaign=12/04/17+Newsletter&utm_medium=email
He refers to this article which has nice visuals:
https://blog.macsales.com/43043-using-apfs-on-hdds-and-why-you-might-not-want-to
The bottom line - APFS creates a ton of extents, which on an SSD with fast access times isn't a problem. But a hard disk has millisecond delays positioning drive heads to access extents. This would result in (relatively) very slow disk access times if the disk were formatted with APFS.
https://larryjordan.com/blog/apfs-i...campaign=12/04/17+Newsletter&utm_medium=email
He refers to this article which has nice visuals:
https://blog.macsales.com/43043-using-apfs-on-hdds-and-why-you-might-not-want-to
The bottom line - APFS creates a ton of extents, which on an SSD with fast access times isn't a problem. But a hard disk has millisecond delays positioning drive heads to access extents. This would result in (relatively) very slow disk access times if the disk were formatted with APFS.