NTFS volume in an FAT32 partition?

I've just formatted my new exteal HDD from FAT32 to NTFS in Ubuntu, but then I noticed that the "partition type" shows as

W95 FAT32 (LBA) (0x0c)

while the volume shows (correctly) as an NTFS volume.

My question is whether there would be any problem with this arrangement, or if I should edit the partition type.

In case it is necessary or recommended to change the partition type, which type should I choose?

NB: I guess keeping the MBR partitioning scheme instead of changing it to GUID Partition Table is OK.