it's much better to ask yourself how long to replicate your existing system then how to back up. pxe boot to a kernel that you can install over the network with, bcfg2 to get the thing up to spec, start copying data.
a lot of machines can be back and configured in 5 minutes.
that said, i'm not you. i don't have terabytes of data to do statistics on. maybe there are other horrible details i'm forgetting. fast rebuilding is a pretty awesome strategy for a lot of cases.