Yes, you should definitely do this with Leopard. Here's what I'd do.
Format into the two partitions, but make both of the HFS+. Install "clean" Leopard to one partition (the one that you do not want to restore to). Download and install SD! to that partition.
Open the image, select its (open) volume as the source volume, the other partition as the destination, and do a "Backup - all files".
Restart from the restored partition and reformat the other for Windows.
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--Dave Nanian
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