That's an excellent suggestion, Peter. I would act on it immediately, but I have already solved the issue another way [I think]. I have two SanDisk 4TB Extreme Portable SSDs. I had formatted one as ExFAT and the other as Mac OS Extended/Journaled... each for different back-/cross-compatibility scenarios. Both contained > 3TB of data on them. I eventually reformatted some older pocket drives in order to backup the SSD data [in parts]. I then reformatted both SSDs to APFS and merged the original data back to their respective drives. This only took about two full days and nights ;-(
I've been playing these games with Apple since "System 1.1" in the early months of 1984. No doubt I've forgotten many of the issues I had to deal with back then. "System 1" and "System 2" have somewhat faded in my memory. But one thing I do recall is that, unlike Microsoft, Apple used to do their own "Beta Testing".
Since both of my SSDs are already indexed (and cooled down), I think I'll leave them under Spotlight's supervision. They are both "reference drives", full of PDF books that I've acquired (or self-created) over the years. Having the content OCR'd and the drives indexed allows me to search my entire collection for any given word or phrase (and also for any and every additional drive that is so connected). Removing Spotlight would negate that incredible power! This is critical for me, as I am typically off sailing in the Bahamas and beyond, with only limited access to the Internet.
Anyway... I thank you for the tip!