Since there's about 100 partitions on there, you could easily just put the installation images on partition 10,11,12 etc.
(if you've read through the guide I made, there should be a link to the images for the installation disk, including the plugins).
and then use the first 10 partitions (or maybe no more than just the first
for backups.
Personally though, I do think the CF route is easier.
With that, you can just simply take the card to your pc (with a cf reader), and copy the files you wish.
(with the floppy emulator drive, you still need the ipcas software to read the different partitions.)
Re-installation also get's easier with the cf card - when you just have an image of the finished installation you like, including the templates you might wish to use.
Anyway, happy to help