Can I do image backup to CD (Burner), then later a restore to new hard drive?

[Iluv2watch]

Can I do image backup to CD (Burner), then later a restore to new hard drive?

Using utility like mfslive or mfstools can I copy/backup a HR10-250Gb image to a CD Burner? I understand this would have to be a compressed file, 250Gb hard drive size to 500Mb CD .
If yes, what would be the command line?
My config:
hda IDE Primary Master Original HR10 250Gb Tivo drive
hdc IDE Secondary Master CD-ROM with Bootable mfs utility CD
hdd IDE Secondary Slave CD-Burner

If above is possible, then at a later time, how do I do a restore from the CD, and expand to a new larger 500Gb drive? What would be the command line?
My config would be:
hda IDE Primary Master new larger 500Gb drive
hdc IDE Secondary Master CD-ROM with Bootable mfs utility CD
hdd IDE Secondary Slave CD with HR10 250Gb image

thanks