@NTFS
A limited frugal install (no home= opt= etc, only a tce dir and backup) will work using svolli's remaster (it includes ntfs-3g in the base for ntfs rw, and grub4dos that can boot from ntfs).
A more complete install with persistency would only work with a loop file (similar to Ubuntu wubi) & svolli's remaster. I don't know of anyone who's tried this though, the loop file option is usually used with virtual machines.
In short, no with vanilla TC. XFS is different, since it's a real linux fs supporting permissions.