Toms hardware did a nice review on WD Purple Drives. If you bounce around the forums you will notice several people mention that they were seeing lost frames/time segments (2-5 seconds) with there green drives. The green drives are supposed to be energy savings drives thus run slower and try to save power when they can - thats what there designed to do. Not exactly what you want in a 24/7 recording environment. Everyone has an opinion on this just like any topic. My personal feeling is "Why chance lost time segments/missing frames if it results in a criminal getting away..." If someone broke into your house and you had motion recording turned on - if the drive takes to long to spool up and misses the critical seconds are you going to still be happy you saved $50?
None the less - below is a great writeup on WD Purple, Red, Yellow drives.
http://www.tomshardware.com/reviews/surveillance-hard-drive-performance,3831.html
WD test shows that WD Purple (which they market heavily and sell at a premium) beats the WD Red (which they specifically say don't use for NVRs). Shock, horror! Next I'm going to find out that VW emissions tests are rigged too.
WD Green can do 60MB/s minimum. 16x4MP cameras isn't going to use even half of that. Running slower is a massive red-herring, a 4200rpm 2.5" drive will be fine for most.
Green drives aren't slower physically than Purple drives. Mechanically the same (which is why Tom's praised the low power of Purples). The firmware is better optimised on the Purples, but for general use, I doubt you'd notice the different. Where does it say anything about spin-up and motion detection? I haven't noticed that with any of the WD Purples or Greens that I've used? I had a 500GB HDD on death's door and I never noticed that either.
I will still say 2x in Raid is best option, then WD Purple, then WD Green or similar. WD Green is fine for 99% of us with homes. 2x WD Green in Raid is fine for 99% for business, but I would say if it's a shop or somewhere where you have trouble then invest in 2x WD Purple.
Bit disappointed by that write-up because I always liked Tom's.
Oh, slightly off topic but valid advice: If someone broke into your house and you had it on motion record despite me and lots of others here ranting on about how important having at least 1 main camera on 24/7 and you miss it (either through the HDD spinning up or dialling out too many false positives) then you've learnt a very expensive lesson.