Postalmaniac, slow down and take a deep breath. OK.
First, take that fat wallet and put it away for a minute.
Now, spend a little time on searching the forum about advice on different burners. There are plenty of options available for you that do not require you spending any where near 100 dollars.
Next, realize you do not NEED two drives. You are going to be decrypting to your hard drive, then reauthoring...on your hard drive...then burning. What you may want to be looking at is spending some money on a hard drive capable of holding at least 5 gig in addition to what you already have on it. It seems that you need to spend some time on the forum reading about making backups.
Continuing, no you DON't want to burn at 16X, period. Usually 12X with the BEST MEDIA. Spend some more time in that arena.
Finally, pouring money is never an answer for anything. Know what you are doing, then make a grounded decision.
I'm not trying to lecture you, but I feel you need to "school up" a little, and all the info you need are in these forums.