Awesome! There are two things that I will definitely do.
1) Use TM as a full backup.
2) Make a bootable copy of OS X Yosemite on a 3.0 thumb drive and/or external hard drive.
Knowing me, I'll probably make a backup of my backup......LOL
I do have another question or two;
1) When you use TM does it back up your media RAID drive/s as well? In my case, I'll have thunderbolt 2 linked to the iMac 99.9% of the time due to video editing. I'm assuming that it would backup whatever you may point it to.
2) How often do you use TM? Can a backup be assigned at a given time?
You folks here at MacRumors are awesome...... and I sincerely appreciate all of your help. Thanks, Ray