Moving the installation files from the original media to another drive for the purpose of installing it on a the system that's permitted under the EULA to run it? Nope, I don't believe it falls under the category of piracy at all.
I was told owning a copy of Tiger on DVD did not entitle me to media shift:
"A DVD license is not transferable to a CD version of the operating system."
https://forums.macrumors.com/posts/19242931/
"As specified within the EULA, the license is not transferable and is bound to the media type upon which it came with."
https://forums.macrumors.com/posts/19242938/