copy filesystem with permissions?

I have a problem with a HD intermittently failing and am about to replace it with a brand new one. The dive in question is the secondary drive in the system My mounts are setup thusly:

/dev/root / ext2 rw 0 0

/proc /proc proc rw 0 0

usbdevfs /proc/bus/usb usbdevfs rw 0 0

/dev/hdc1 /boot ext2 rw 0 0

/dev/hdd5 /home ext2 rw 0 0

/dev/hdd1 /usr ext2 rw 0 0

/dev/hdc7 /var ext2 rw 0 0

none /dev/pts devpts rw 0 0

And my partitions are:

major minor #blocks name rio rmerge rsect ruse wio wmerge wsect wuse running use aveq

22 0 6336225 hdc 5457 28766 68458 47870 25393 21487 93988 2442780 0 196590 2490710

22 1 56196 hdc1 319 1997 4632 5230 18 16 70 59830 0 35280 65060

22 2 1 hdc2 0 0 0 0 0 0 0 0 0 0 0

22 5 787153 hdc5 2 0 16 20 0 0 0 0 0 20 20

22 6 265041 hdc6 3625 18165 43580 22240 13134 4232 34938 1335990 0 65820 1358280

22 7 265041 hdc7 1506 8598 20208 20340 12241 17239 58980 1046960 0 176950 1067300

22 64 10022040 hdd 14454 117185 317746 557010 3237 2967 51164 7892630 0 583620 8520480

22 65 3461976 hdd1 12342 64302 206838 528420 2988 2946 49214 7387540 0 557290 7986800

22 66 1 hdd2 1 0 2 10 0 0 0 0 0 10 10

22 69 3461976 hdd5 2107 52877 110886 28520 249 21 1950 505090 0 47750 533610

My idea is to replace the bad drive by:

1. Install new HDD.

2. Partition HDD to mirror current bad drive.

3. Copy w/ perms all filesystems to new drive.

4. Shutdown, disable bad drive, palce new in it’s place and reboot.

All should be good at this point?

If the above plan is a good one I need to know how to copy a filesystem while retaining it’s permissions. That’s where I’m stuck.