Well, my experience with Acronis is that it runs just fine when you boot Windows. As to whether or not it will run in an emulation is one of those kinds of questions I cannot answer.
My experience with Windows backup is based on working on Avid's DS, a high-end finishing tool that runs only on Windows. We had a real problem, pulled the backup off the shelf, booted, back in business in under 10 minutes. Client was completely unaware of any problem, issue or anything.
*And that is what you want in a disk image backup.*