IDE's are getting scarce now, and cost more than the new versions. You would probably need to format it in your PC first, unless you spend more trying to find a pre-formatted one. You are best buying one that matches as closely as possible, maybe a 2nd hand one off Ebay. You might also get Civil Servant bank records with it.
The new Terabyte drives are stable as they use newer technology than those 500GB and below. Whereas the earlier versions stacked the molecules sideways, the new ones stack upright, and so we have a few Terabytes upward to go yet.