As a rule of thumb, if you pay more money you get a better product. With spinning drives that almost always means that more expensive drives (in average) run longer than cheaper ones. Performance is another metric, but balancing those is where the smoke and mirrors come into play. You can get a pretty darn fast drive for a premium price which will fail in 3-4 years or for a similar price you can get a bit slower drive which will last you a decade. And that's in average. You might get a 'cheap' brand high-performance drive to run without any issues for a long long time and you might also get a brand name NAS drive which will fail in 2 years. Those averages start to play a role if you buy drives by a dozen.
Backblaze (among others) publish their very real world statistics on which drives to choose (again, on average), but for home gamer that's not usually an option to run enough drives to get any benefits from statistical point of view. Obviously something from HGST or WD will most likely outperform any no-name brand from aliexpress and personally I'd only get something rated for 24/7 use, like WD RED, but it's not a guarantee that those will actually run any longer as there's always deviations from their gold standard.
So, long story short, you will most likely get a significantly different results depending on which brand/product line you choose, but it's not guaranteed, so you need to work around that with backups, different raid scenarios (likely raid 5 or 6 for home gamer) and acceptable time for downtime (how fast you can get a replacement, how long it'll take to pull data back from backups and so on). I'll soon migrate my setup from somewhat professional setting to more hobbyist one and with my pretty decent internet connectivity I most likely go with 2-1-1 setup instead of the 'industry standard' 3-2-1 (for serious setup you should probably learn what those really mean, but in short: number of copies existing - number of different storage media - number of offsite copies),
On what you really should use, that depends heavily on your usage. For a media library a 5400rpm bigger drive might be better than a bit smaller 7200rpm drive and then there's all kinds of edge cases plus potential options for ssd-caching and a ton of other stuff, so, unfortunately, the actual answer has quite a few of variables, starting from your wallet.
That kind of depends on how you define FOSS. The way we think of that today was in very early stages back in the 1991 and the orignal source was distributed as free, both as in speech and as in beer, but commercial use was prohibited, so it doesn't strictly speaking qualify as FOSS (like we understand it today). About a year later Linux was released under GPL and the rest is history.
Public domain code, academic world with any source code and things like that predate both Linux and GNU by a few decades and even the Free Software Foundation came 5-6 years before Linux, but the Linux itself has been pretty much as free as it is today from the start. GPL, GNU, FSF and all the things Stallman created or was a part of (regardless of his conflicting personality) just created a set of rules on how to play this game, pretty much before any game or rules for it existed.
Minix was a commercial thing from the start, Linux wasn't, and things just refined on the way. You are of course correct that the first release of Linux wasn't strictly speaking FOSS, but the whole 'FOSS' mentality and rules for it wasn't really a thing either back then.
There's of course adacemic debate to have for days on which came first and what rules whoever did obey and what release counts as FOSS or not, but for all intents and purposes, Linux was free software from the start and the competition was not.