So - let me see if I follow you (please bear with this dummy) - you end up with a bootable cd that will install windows and nothing more.
From here you can go ahead and restore any of the partitions (or perhaps I should use any other images, be it software or whatever, that you choose) that you have previously saved to whatever media you have chosen.
Yes, that's correct. That, in fact, is a primary use of Ghost & Drive Image - transferring the precise image of your current drive(s) to one or more new drive(s) (or the same one in the event of melt-down) - partition information and all. Easlily done from the bootable floppies.