Update your backup. Disconnect the out-of-date drive. Update your SME Server to 7.0RC2, removing any customizations you might have made beforehand (there's a script to automate at least part of this, if you search). Disconnect the SME Server drive and reconnect the out-of-date drive. Use the drive maker's utility disk (or something like the wonderful "Ultimate Boot CD") to completely wipe ("low level format", "write zeroes" or some such) the drive. Then reconnect the SME drive making sure it's the one the BIOS will boot from, then add the wiped drive into the mirror configuration. Voila!
Or just update your backup, use the Lazy Admin Tools to backup your config, then do a clean install on both drives.