After a few weeks of work I finally have a small SSD installed in my server and the OS installations reconfigured. Also part of the project was to power my CPU fan externally with an adapter (no fans on the board now) and install a toggle switch to turn off the HD Audio and Networking sections of my board, when using the Audio OS.
My two Windows 7 installations are on the SSD now. I have a home theater installation for watching DVDs, and Blu-ray on Power DVD, ripping music, accessing the Internet, etc. and an audio installation just for playing Foobar; I deleted the old OS on my spinning drive, which was moved to an external enclosure (per Gary's recommendation), but still houses my audio files.
A few months ago on this thread I mentioned my curiosity about the program called RT7 Lite. At the time I thought the program offered a moderate amount of tweaking features. However, after using the program on both of my recent Win 7 installations, I have found that this is a full-blown configuration tool that's capable of stripping out or disabling just about any component or feature of Windows. A standard Win 7 64-bit Home Premium installation used about 15gb of space and my audio installation (which is the most pared down) uses about 35% that; gone are programs like Media Player and Internet Explorer, networking features and numerous unneeded drivers and services. I'm noticing a nice improvement in the sound with the audio installation.
There are a lot of headaches that go along with installing the program and getting it to work the way you want it to and I have a few features like setting the page file and image backup that I want and aren't functional in the audio section. However, given how powerful it is, it's a remarkable software. Next steps are to save an image of each OS and start experimenting with AutoRuns and underclocking with ClockGen in the audio section.