A very good morning to you dear Ian! I am very glad to receive this reply from you! I have already copied all the libraries to a brand new spare SSD drive [named Stepney!] and the actual size of all the data is only 80 GB.
I am using the filled up thunderbolt drive as my scratch disk. I have 'template libraries' according to the type of my creative content I make [family, Christian songs, TV messages and social videos]. After finishing a project I either delete the event or move the event to another dedicated spinning drive named LIBRARY. I did realise that the purgeable stuff was increasing in size over the time, but thought that the OS would get rid of them and make space for newer inputs. Only when the error message crept up yesterday, I had to remedy the situation. Deleting the Library generated files hadn't helped and so wouldn't restarting in safe mode. After reading in some thread that this purgeable stuff can be 'un-purgeable' I became anxious and hence approached you experts for guidance in this matter. No thread that I have read has suggested formatting of the drive.
Learning from what has transpired, I guess I need to change my workflow. I have to create a new library for every project I make; after exporting the project, I either move the event or delete the event, and then delete the library from the scratch disk. I hope this change in workflow will not have a build up of purgeable space.
Regards and take care.
Dr. Somanna