Not natively, as far as I know. NTFS works well on Linux for the most part (unless you need permissions), but macOS natively only supports reading.
FAT32 is universally well supported, but the partition size limit and 4GB file size limit make it unusable for me.
Linux filesystems as well as macOS filesystems aren't supported natively anywhere else, so ExFAT it is.
Most people using these sites prefer the lossless codec flac anyway, which can be transcoded to anything.
MP3 320kbps and MP3 V0 is transparent to most (all?) people, so there's not much of a reason to go with a newer codec, except for space savings.
There's not even much of a reason to go with 320kbps, as V0 achieves the same quality with smaller files. That's why almost nobody actually downloads MP3 320.
I personally think MP3 is there for historical reasons, as I don't see a reason for using lossy codecs for archiving purposes. Just download flac and transcode it once or on demand on a media server for streaming.