Hi Dooda,
You should have at least one server dedicated to Continuous Protection Server (CPS). This will be the Protection Server where the snapshots and journals will be located. You can also install the Continuous Management Server on this box.
CPS uses snapshot technoloy while BEWS backs up individual files and databases. CPS cannot backup to tape. You will need BEWS to perform that function
Backup Exec (BEWS) can be installed on the CPS server but it is not recommended. In working with customers who already have this configuration, they are experiencing serious performance degragation when both CPA and BEWS are installed on the same box. You will want to install BEWS on a separate media server.
Remember to allocate an entire partition for the journal location. When you are ready to backup the Protection/Management server, you will not back up the journals. BEWS will not want to back up the journal dirve because of the heavy I/O load and other activity associated with CPS.
As for restoring the CPS server, it restore like any other server. If you have the capability to boot from tape, this function will carry over with BEWS.