I realized one important detail about storing iTunes on an external drive; it would require another external drive for backup.
As it is now, I need a minimum of two drives; one for SuperDuper! (bootable) backup, and one for Time Machine. I could get one large drive and partition for those two BU plans, and have another one dedicated for iTunes, but again, the need for an iTunes BU drive, and the possibility of losing both the other BU plans if the partitioned drive failed. Without a iTunes BU, you're toast if that drive fails. And right now I have a BU of it. Imagine having to rip 100's of CD's all over again. My 1 TB main drive is fine for now. Plenty of room to spare with Apple Lossless
As it is now, I need a minimum of two drives; one for SuperDuper! (bootable) backup, and one for Time Machine. I could get one large drive and partition for those two BU plans, and have another one dedicated for iTunes, but again, the need for an iTunes BU drive, and the possibility of losing both the other BU plans if the partitioned drive failed. Without a iTunes BU, you're toast if that drive fails. And right now I have a BU of it. Imagine having to rip 100's of CD's all over again. My 1 TB main drive is fine for now. Plenty of room to spare with Apple Lossless