Hmm... the most basic suggestion I would make is:
run grub, not LILO! It's simply better. And quite easy to install.
With LILO, if you make a careless mistake you'll find yourself rummaging around for a boot-CDROM. Whereas with grub you find yourself in an environment from which you can actually
do something about the problem and continue. (For instance, if you tpyo'd
something in the
grub.conf file, you can get the system up-and-running anyway.)