Run VPC from external Firewire?

[MikeRF/A2]

I have had Virtual PC 5 for some time but never installed it on any 
machine I have for fear the bloated nature of   installing it and 
Windows XP  on top of my Mac OS X would have devastating affects on 
the performance of my system for everything else since my drive space 
was tight.

I have a new 250 GBexternal  firewire drive. (Shows up as 233 useable 
in disk utility un-initialized. As there is no formatting yet, where 
are the other 17 GB? Factory low level format?) I plan to set this up 
today and thought of the possibility of making a partition to run VPC 
and some Windows apps on. Would this work well on an external 
firewire?  What would be the partition scheme? OS X, VPC, Windows XP 
and PC apps  all on same partition?

Thanks, Mike
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