Thanks for the info. I have done it that way before, but I wondered if I just took a Time Machine backup of my boot drive and just did a restore to the ssd drive. I have done this several times before with my existing boot drive. But I don't know if this would work going to an ssd. Good info on the TRIM support👍
This is an interesting discussion, and there seems to be some confusion about drive speeds. First of all, I would stay away from LaCie gear, as they have some nice niche products, but cost a lot more. I know professional photographers for location work, but not for desktop use. SATA I=150MB/s, SATA II=300MB/s, and SATA III=600MB/s. The nominal 3.5" 7200 RPM HDD get about 150MB/s, BUT 5400 cuts that speed in half, and going from 3.5 to 2.5 halves it again. So, those LaCie HDDs should not get much better than 50MB/s. Instead, use a SATA SSD where your speed will be about 10X faster. That's still only half of the 1GB/s bandwidth with TB1. So please keep that in mind that my TB knowledge is from reading, not using. I have installed Thunderbays for clients, for fast external booting and storage. The OWC Thunderbays have 4 bays for 3.5 drives. (you can use 2.5 or 3.5 drives and they make them for only 2.5" drives.) He needed a lot of space, so we put in 4, 4TB WD Enterprise HDDs, but then added SoftRaid and created a RAID5. The actual speed of the disks in the Raid was just under 400MB/s reads., almost 3X faster than without the Raid. Also, if one drive dies, you continue working and order a replacement that automatically rebuilds itself. I have a similar setup on my cMP, using 5 HDDs in my SATA II bays, but get over 450MB/s reads. (almost as fast as an SSD)
However, the best way to have an external boot drive for your older iMac, is to use an NVMe blade like the Samsung 970. I installed one for a 21" iMac on the USB3 port. It got reads of 450MB/s which was plenty of speed for her office computer. Since those blades are capable of 3GB/s, I'm sure you could get a lot better speed with TB. Obviously, with TB1, you only get a max of 1GB/s. I would definitely suggest you compare that to any other solution. Hopefully, others who may have more TB experience will comment on this as well. Also, the external NVMe enclosure is about half the size of a SATA enclosure and start at about $25.