Sorry my last post looked a little one sided and wouldn't want to put you off what might be a good deal. I haven't actually tried this kind of setup so it might well be absolutely fine, just my thoughts since no one else replied.
In fact if it does work fine, it could be a good setup since your running an extra 7200rpm firewire drive. Drive speed in my experience is the biggest limiting factor in resolume performance that you can most effectively improve on and you've got about as good as is reasonable with a laptop drivewise, short of a 10,000rpm drive.
Bet you wish you never asked now...