Alright, I admit that I still don't think that I understand the real deal about this: the varying discrepancy between advertised drive capacity and actual/usable drive capacity after formatting with filesystem X vs filesytem Y, etc... You'd think that by now it'd be possible to state some "rules" ...at least for the most common scenarios, such as "when formatting with NTFS, you'll lose 7.6% of advertised capacity" or somesuch.
My ignorance notwithstanding, those WD 5TB drives I bought recently arrived NTFS and that's how I left them: NTFS. I did *not* reformat them at all but just used them as-is out of the box. And according to my OS (Ubuntu) the available room on the drive is equal to the manufacturer's advertised capacity (5TB) which, IIRC, is something that I've not seen before (or at least not often).
I do NOT know if the usable space would have decreased had I reformatted the drive NTFS after I got it (no reason it should have, but somehow, I wouldn't have been surprised) nor do I know what the available space situation would be had I reformatted with a different filesystem (like Linux's Ext4 for example). I was curious, but I played it safe and just left the drives alone, since I wanted every byte of room.
Maybe WD makes the drive a little bigger to offset formatting losses, so the customer who buys a 5TB drive actually has all 5TB to use? I dunno.