To clarify, you actually need a HDD with compatible firmware for the iMac, or it'll spin the fans like crazy - so you can't even swap in a hybrid (though my experience with the first gen seagates was incredibly disapoointing). Makes it a bit of a pain even if you want to swap out the HDD for another.
As far as what you can put on what, OSX is pretty gracious when it comes to copying a drive over (whether using SuperDuper or Time Machine). I've moved between the original, a TB SSD, and my final HD+SSD fusion setup without any problems. Windows is another beast, though Winclone helps out somewhat.
Again, I'd say its better if you don't have to crack the case. I consider myself intermediate/expert (20+ yrs), and the 27" is the most difficult disassembly I've ever done -- much, much harder than the pre-retina macbooks (though perhaps the new retinas aren't very easy), or any normal PC desktop.