If the HD is already partitioned and was formatted.
Quick Format just erases the File Allocating Table.
As a result the old files are still in existence but can Not be accessed in a regular manner, in time the new files erase the old and use the space. The old files (as long as they are there) can accessed if needed with special software.
Slow formatting goes all over the drive and cover everything.
For personal use it OK to use the quick format. If there is security concern and One want the old files to be wiped out more thoroughly, use the "slow" formatting.
P.S. The MBR is established by the partitioning and the Primary/Active setting.
