What he said. External basically means using some form of counterbalancing weight outside the main bearing support of the block. What that does is get somewhat of a fix for the imbalances of the running engine. But because the weight it outside the mains, it tends to make the crank have to flex more just to do it's job. That uses power and can cause a crank to fail. The best way to get the longest life and most power is to internally balance the assembly because the countering weight is more directly opposed to the imbalance. You can internally balance cast cranks, but you spend more because the crank needs to have heavy metal, called Mallory metal, to the crank and it's expensive and more labor.