I think it would be good if we made a compilation of SSD's and NVME enclosures that work with the PS5, and those that don't, or that have issues with it. If you have a different SSD drive you can post it on this thread using the below format.
Samsung T7.
*Does it work on PS5 for storing and running PS4 games? Yes.
*Does the drive work with Rest Mode? Yes.
*Reading speeds? 1050Mb/s
Note: The Samsung T5 should work the same as the T7.
Western Digital WDBAGF00*
*Does it work on PS5 for storing and running PS4 games? Yes.
*Does the drive work with Rest Mode? Yes.
*Reading speeds? 1050Mb/s
Crucial X8.
*Does it work on PS5 for storing and running PS4 games? Yes.
*Does the drive work with Rest Mode? No. Drive will crash on Rest Mode and ask for repairs, closing your game.
*Reading speeds? 1050Mb/s
Note: An Era user contacted Crucial support and they confirmed this drive won't work on Rest Mode on PlayStation consoles. The drive is usable, but you will have to either turn the console off when you finish using it, or disconnect the drive from the Settings menu before putting the console on Rest Mode, else the drive will crash and ask for repairs on next boot.
Asus Strix Arion (NVME Enclosure).
*Does it work on PS5 for storing and running PS4 games? Yes.
*Does the drive work with Rest Mode? No. Drive will crash on Rest Mode and ask for repairs, closing your game.
*Reading speeds? 1050Mb/s
Note: The drive is usable. But you will have to either turn the console off when you finish using it, or disconnect the drive from the Settings menu before putting the console on Rest Mode, else the drive will crash and ask for repairs on next boot.
Generic ASM2362 Chipset USB enclosure (NVME enclosure).
*Does it work on PS5 for storing and running PS4 games? Yes.
*Does the drive work with Rest Mode? Yes.
*Reading speeds? 1050Mb/s
Note: If you are looking for NVME enclosures that are compatible with PS5 Rest Mode, forget about brands, look for enclosures that contain the ASM2362 chipset. This chipset seems to be very compatible with PS consoles.
UGREEN M.2 NVMe SSD Enclosure (NVME enclosure)
*Does it work on PS5 for storing and running PS4 games? Yes.
*Does the drive work with Rest Mode? Yes.
*Reading speeds? 1050Mb/s
Note: This enclosure has the ASM2362 chipset.