Jim,
I "think" I was just re-iterating your point here:
"Just realize it may not be useful for reinstalling anything unless iTunes or your iPad can see it."
Please forgive me if I seem a bit like an airhead right now, there are some personal "life" issues at the moment that both my sister and I are dealing with that is making us both a little crazy. I did read your post... I think I just didn't quite get across the idea of moving or copying something around manually, not with iCloud or an iTunes backup which essentially happens with nothing more from you but an instruction to do it.
I was wondering if I took and copied those backup manually to another backup how would I use them... the iPad would have to see them or they'd have to be copied back... anyway... sorry to be so unclear etc.
... what I had in mind was just storing a copy of the backups on my external... the ones that I make through iTunes... you can find them in finder to copy them. If one can do that and have them work, no iCloud involved. One way around having a secondary backup too though could be just by having a clone of my HD.
Dah!!! Sorry if I'm rambling...