Technically, Time Machine already does not backup the volume containing the macOS proper. TM only backs up the "... - Data" volume that contains your Home folder and user files. This behavior since Big Sur, I believe.
TM doesn't like to share drives and it definitely won't share volumes with other apps.
It is also not advised to use a single drive with multiple partitions to home both TM backups and other data. That is simply asking for trouble as you would potentially lose both when the drive fails.
While you can use TM to backup a Mac OS Extended (Journaled) formatted external drive to another, it would be an inelegant solution and would have to be manually assisted. One cannot define multiple back up setups for TM, i.e. TM cannot be set up to automatically exclude some data from the backup to one drive and use different exclusions for the backup to the another drive.
You don't say what the "other software" is that you are trying to use for backup, but I would strongly suggest you look at Carbon Copy Cloner from bombich. That app is most reliable, most flexible. extremely capable and can accomplish for you exactly what you are trying to do.