The Western Digital Blue data sheet shows two versions of the 4TB hard disk:-
The 4TB WD40EZAX is CMR (Conventional Magnetic Recording)
The 4TB WD40EZAZ is SMR (Shingle Magnetic Recording)
https://documents.westerndigital.co...duct-brief-western-digital-wd-blue-pc-hdd.pdf
The Western Digital Red data sheet (not Pro version) shows the WD40EFAX is SMR.
https://documents.westerndigital.co.../product-brief-western-digital-wd-red-hdd.pdf
In 2020, Western Digital received considerable negative press, because they marketed SMR Red drives as suitable for NAS use. Their data sheets did not specify some WD Red drives were SMR and not CMR, as most people expected. If you suffered a drive failure in a ZFS NAS array of Red SMR drives, "resilvering" a replacement disk could take days instead of hours and in some instances fail completely.
When this marketing omission was discovered, WD introduced a new range of Red "Pro" drives, for people who wanted (and expected) CMR drives. Of course WD Red Pro (CMR) cost more than WD Red (SMR).
https://www.servethehome.com/wd-red-smr-vs-cmr-tested-avoid-red-smr/
The OP does not mention which models of WD Red and WD Blue are on sale locally, but I recommend checking the part numbers very carefully.
Although I have SMR drives in various computers, I now buy WD Purple (Video) CMR drives for data storage. An SMR drive can be slower during bulk data write operations, especially after deleting thousands of files from the drive. I've also used Hitachi, Toshiba and Seagate NAS and Enterprise drives (better quality, longer life?).
If you want good performance with faster random access gaming file retrieval, consider a 7200RPM drive (I'm assuming your boot drive is an SSD). For general data backup, 5400RPM drives are fine and may run cooler.
Given the choice of WD Red vs Blue, I'd go for the WD40EZAX Blue, because it's CMR. I'd avoid the WD40EZAZ Blue and WD40EFAX Red because they're both SMR. For fast gaming performance choose CMR not SMR, but unless you run benchmarks, you might not see any significant speed difference.