You could use Macrium Reflect Free to do this. Like a number
of other backup tools, it uses WinXP VSS, and you can do
the backup of WinXP, while booted ihto WinXP. Only if you're
doing a "bare metal restore", do you need to boot from the
included Macrium boot CD, to do the restoration. (Most of the
Macrium download, is a small Linux environment that boots
into a dedicated GUI. You don't "see any Linux" while it is
running, so there is nothing to learn.)
The .vhd file collected, can likely be accessed. I think
you might be able to do it with "vhdmount". It's possible
the Macrium tool can do it as well. An OS like Windows 8
may be able to mount a .vhd natively. I don't remember
right off hand, how many Windows OSes can do this. WinXP
needs the help of this tool to do it.
http://technet.microsoft.com/en-us/library/cc708295(WS.10).aspx
http://www.petri.co.il/mounting-vhd-files-with-vhdmount.htm
The advantage of this method, is you can stay in WinXP
when doing the backup.
A disadvantage of your method, is if the compressed file
is corrupted, error multiplication may cause the loss of
more than one file from the backup.
The VSS copy method, only writes out "busy" sectors. The
service seems to know exactly which sectors are "officially busy".
For maximum safety, disk2 should be in an external enclosure,
and disconnected when not in usage. This prevents lightning
from destroying both copies at the same time. Another
fault mode, is when a power supply overvolts and burns
both disks. Unplugging disk2 covers those kind of
obscure failure cases. I think I've run into a USENET
poster or two, who has experienced one of these kinds
of failures (all disks ruined inside PC, at the same
time), so the fault modes have actually happened.
Paul