Apple offers 1TB but it is only in the higher end models I believe, I'm not sure which model you are considering basing this on. In my opinion the 1TB option costs too much currently, the 512 is more reasonable.I've currently got a 4TB hard drive in a 2013 27" iMac and it's only got about 750GB left on it unused. Never had a SSD before so don't know how to use it (i.e. assign certain files to it and other files to an internal let alone external hard drive.) Haven't seen a website or video explaining how to do that, so thinking of just using a good old fashioned internal hard drive (easy to upgrade to a 4TB from the 1TB that comes with a new iMac) and sacrifice some speed for simplicity and reliability. Since I am regularly backing up with Time Machine, in the unlikely event the internal hard drive gives up in less than 3 years (when I will likely get a new iMac) I can easily have a new drive installed and restored from the backup.
For the SSD size you (and others in this thread) mention 1TB but the biggest that Apple offers is 512GB so how would I upgrade to 1TB and at what cost? Someone mentioned that I should get Apple to upgrade (they have a proprietary SSD) but doubt that they would upgrade to 1TB since it's not even mentioned as a possibility. With a hard drive I don't have to think about what goes where, it all happens automatically which is one of the main advantages of a Mac IMO. On the one hand I'm a bit scared of using a SSD in combination with an internal (de-fused) or external hard drive, but on the other hand I was a bit scared to use the OS X system at first only to find that the change was quickly understood. If I get my Apple third party repair person to de-fuse a fusion drive to make the computer super fast, how does it work to allocate files to the SSD vs. the now-defused hard drive?
For me I place my iTunes library, old Movie projects, and old photo libraries on the external drive.
The system, applications, home directories, documents, virtual machine images, current photo libraries, and any current video projects I'm working on stay on the SSD.
Everything is backed up via Time Machine to a NAS.