So I just acquired this HP Proliant DL320 G5 Server with two 160GB drives setup in a Raid 1 array. I'm planning sticking this in a colo and installing Proxmox (openvz server) and running two debian-based webservers (django + apache + nginx) on them. Since these will both be semi-low traffic production servers, uptime is my only real concern. I'm debating between keeping the raid 1 setup, or not and using the extra disk space for virtual machine backups. However, I'm a total noob when it comes to raid and have no idea what the recovery process would look like. The HP Raid utilities and options in the firmware look fairly straight forward thought, and I consider myself a fairly technical user, this is just my first dealings with raid.
Should I keep the raid 1 setup? If one of the drive fails, what will be required for a full recovery? Any advice or recommended reading?
Thanks in advance.