Bad Clusters and ghosting

Okay, one of hard drives is on the blink. I ran diagnostics and several bad clusters came up. That alone wouldn't worry me too much, simply use Partition Magic to partition around the bad clusters (they couldn't be fixed). But, further diagnostics show read/write errors that signal a drive on its last legs. Since its still under warranty, I simply requested a new drive be mailed.

My question is this: can I use Ghost to image the current drive and then put that image onto a new drive (same make/model, size)? Or do the bad clusters and other errors come with the image?

I can't seem to wrap my head around this, but I know VDr will have the answer.

In theory, if you did the Windows Error checking on the drive, Windows should maked then as bad so they won't get used.