What I would recommend is that the /home & Documents partition sits on the RAID set no matter what. At least if you lo0se the OS, you won't loose everything. Most applications rely on config files, you could setup a local backup on the mirror-set and ensure than any config file gets there, either through manual interation or via a versionninc control system (subversion anyone?). While OTT at first glance, you can leverage the power of version control to maintain configuration [see 1 for a start on the idea].
What about 2 smaller hdd which you could mirror and do your dual boot on.
that wait you would have
mirror set1: dual boot of XP & Ubuntu
mirror set2: data
You then get the benefit of RAID for both OS & Data and hdd is cheap enough it should not be too costly.
windows is a PITA in general and i would only consider imaging as a good disaster recovery plan, however reinstalling Ubuntu is trivial enough and provided you have a locally accessible backup then recovering should be easy.
just food for thoughts
hth
Thierry
[1]
http://shifteleven.com/articles/2007...guration-files