(Windows Hard-disk Image Install Program) were created. This is almost certainly what your "v176" string refers to (likely WinHIIP v1.7.6 The "Verified" Part
provides a detailed step-by-step guide on connecting drives and formatting them specifically for WinHIIP v1.7.6. Visual learners can find archived tutorials on windows hdl image install program v176 verified
The drive should already be formatted to the "PFS" file system (usually done via LaunchELF on the PS2). Step-by-Step Installation Guide (Windows Hard-disk Image Install Program) were created