Is disk imaging of the system and some but not all partitions viable?

I have been using Acronis TI over the years, and am getting ready to install TI 2011 Home to a new Windows 7 computer (not yet received). I have not used this version of ATIH or this Windows OS before. I have searched this forum and have not found a discussion of my precise issue.

My long-standing backup preference has been to subdivide the planned single large hard drive to be backed up into separate partitions holding the system and installed programs (C:), my data files (Y:), and large music files (X:). My goal with ATIH 2011 is to have it create a .TIB file containing the necessary boot files and MBR etc., all files on C:, and all files on Y: (as partition images, not as file-by-file backup). However, because the music files on X: consist of several hundred GB, and they rarely change, I prefer to copy them by file by file copy to a backup hard drive using Robocopy, etc. rather than packing them into what would become a huge .TIB file. In part, this is because I keep several backup copies of the .TIB files stored in various locations. (We may assume there would also be some proprietary partitions created by the manufacturer which I would also allow include in the .TIB file.)
I prefer to create Full backups only. I will not use RAID or striped dynamic disks etc.

My question is:
Can ATIH 2011 reliably image the system files, MBR, etc., as well as 2 of the 3 partitions, so that these could be reconstructed on a bare metal drive that would then be bootable and usable without reinstalling the OS? (Of course I would then create the X: partition and copy the X: files to it.) I have successfully used this strategy with Acronis ECHO Workstation 9 and Windows XP, and am hoping it is a viable strategy with ATIH 2011 as well.