Drive Image won't boot from the image file, but if you ever have to recreate your Raid array you can boot from the Drive Image CD or from boot floppies you can create and access the image file from the IDE drive to do a Restore back to the Raid array's C partition.
If you have Drive Image, create an image file, store it on your IDE drive and then boot from the DI CD(or floppies) to verify that you can do a Restore from the IDE drive to a Raid array... should work just fine.
Even if you have to replace an HD due to failure and then recreate your Raid array, you should just have to format and partition (Partition Magic is a good program for this) the array to the same configuration you had previously and then after a Restore operation, you should be back to where you were before the array was recreated.
You can also do a Disk to Disk copy of your Raid's C partition to the C partition of your IDE drive as well as putting an image file on a separate partition on the IDE drive... as long as you have your boot order to boot from the Raid array first, then the IDE drive, if you ever have a Raid failure, you can just reverse the boot order.
If Raid failure is your worry, why not just set up a mirrored Raid 1 array and just use the IDE as backup storage?