Unless your drive reaches critical mass, or dies completely, you can recover the file system without too much effort. I have done it on a several occasions where the drive wouldn't even show up when I booted off of a cd. I was able to get it back with the trio of utilities that I have (DiskWarrior 2, TechTool Pro 3 and Norton Utilities). Between the threem I have been able to recover the drives, and lose 0 data. Even if the system files go bad on the Mac, you can just install a fresh OS on top of the old one and be back up and running in anywhere from 10-30 minutes (depending on your system). If you are really concerned about system corruption, get an external hard drive, or backup system and do periodic backups. If you have a Superdrive equiped Mac, then just burn a dvd (you can probably get both OS 9 and X onto the same one. I would suggest doing that AFTER running utilities. That way, you know that the system is in good shape. Since OS X is the more complicated, and larger, OS of the two, I would do that one first.
Oh, and if your drive goes, it doesn't matter how many partitions you have, they are toasted. I had an iMac's drive blow it's contoller board (on the hard drive) where everything was lost. That is the ONLY time I have not been able to recover the files. Like I said, if the drive reaches critical mass, you are screwed no matter how you divide the drive.