Hey there again,
@vziera
The WD My Book external drives are configured with 4KB LBAs (and the enclosure itself is setup with the same 4KB sector size) instead of the native 512 byte emulation (which is typical for standard SATA-connected HDDs). Usually, with 512e LBAs and sectors an MBR drive has a 2.2 TB limit, but with a 4096 byte advanced format you can have up to 16 TB partition size.
In your case, the WD My Book is simply detected as a 4096 byte sector drive and that's why you are able to have a 4 TB HDD with the MBR partition table.
However, I'd recommend you to simply re-format it as GPT through Disk Management if it's bothering you so much, but I wouldn't use third-party utilities for this. You'd still need to back up the data either way, because it's better safe than sorry, right? So once you have the backup, you might as well simply re-format the WD My Book.
As
@W1zzard mentioned, there are no HDD performance changes when it comes to partition tables though.
SuperSoph_WD