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I read "no file size restrictions" and assume I can create a file as large as the storage space I can afford.

What else would I assume?

If there's a 1TB limit I would expect that to be described as "create files up to 1TB in size".

I would assume some limit no higher than 2^64, since all common file systems have file size limits: https://en.wikipedia.org/wiki/Comparison_of_file_systems

When common file systems like NTFS have limits like "16 TiB (17.59 TB) to 8 PiB (9.007 PB)", a 1TB limit seems below what is advertised.