Hi,
ive recently come to the conundrum that i need more space on my playstation, but im way to hesitant to do anything before knowing how it will impact my progress, DLC content (purchased both expansions), and my gear..
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Your character data is saved on Bungie's servers and linked to your PSN ID/gamertag. One you get Destiny installed and patched on the new hard drive, just sign in with the same PSN ID and your character's will be there. I don't have a PS4, so I'm not sure if swapping the hard drive does anything with the licenses. If you have any trouble downloading DLC's, try restoring licenses once you get the new hard drive setup: https://www.bungie.net/en/Help/Article/12181