Thanks for the link to the image, which clearly shows what you're describing.
Yes, you're basically correct about clusters (allocation units), although there is much more to the story, if you want to look into the details (e.g. NTFS clusters don't have to be 4kB in size; the "slack space" doesn't
only exist for files <4kB as you described; some other filesystem types can even split a filesystem cluster to avoid wasting so much space; etc. etc.).
[Edited to add: In case that link to your image becomes stale, I've included the image itself into this post, so that other readers can still see it in the future:]
Looking at that image you kindly supplied - I've already explained the difference between 726GB and 728GB numbers (which were for files & folders (directories) which you had selected, and then displayed their properties). The reported size of used space on the whole partition (731GB) is higher than the 728GB figure because it includes the disk space occupied by any other files which were not selected (e.g. any hidden files, although there may not have been any of these) and also the filesystem metadata overhead (e.g. space occupied on the disk by $MFT etc. on NTFS).
As you can see, these figures do not show a disk problem - don't worry

(but always make sure that you have backups of any important data, because disks can fail, or filesystems can become corrupted, without prior warning...)