The same will hold true regardless. If you want a bootable clone you need to put it on a clean drive or a clean partition on a drive. If you want to use your 1.5 TB drive then make another, smaller partition large enough to accommodate the clone:
To resize the drive do the following:
1. Open Disk Utility and select the drive entry (mfgr.'s ID and size) from the left side list.
2. Click on the Partition tab in the DU main window. You should see the graphical sizing window showing the existing partitions. A portion may appear as a blue rectangle representing the used space on a partition.
3. In the lower right corner of the sizing rectangle for each partition is a resizing gadget. Select it with the mouse and move the bottom of the rectangle upwards until you have reduced the existing partition enough to create the desired new volume's size. The space below the resized partition will appear gray. Click on the Apply button and wait until the process has completed. (Note: You can only make a partition smaller in order to create new free space.)
4. Click on the [+] button below the sizing window to add a new partition in the gray space you freed up. Give the new volume a name, if you wish, then click on the Apply button. Wait until the process has completed.
You should now have a new volume on the drive.
It would be wise to have a backup of your current system as resizing is not necessarily free of risk for data loss. Your drive must have sufficient contiguous free space for this process to work.
ds_store and I disagree over using CCC or DU to do a full clone. CCC is faster but DU is more reliable because of additional data verification checks that CCC does not do in favor of being faster. DU only performs full volume backups. But you can always use CCC to perform incremental backups to the same volume. But either tool will work. I'm willing to trade speed for reliability. There are many alternatives to CCC such as the following:
Data Backup
Deja Vu
Silver Keeper
Retrospect
Super Flexible File Synchronizer
SuperDuper!
Synchronize Pro! X
Synk Pro
Synk Standard
Tri-Backup
Others may be found at VersionTracker or MacUpdate.
Visit The XLab FAQs and read the FAQ on backup and restore. Also read How to Back Up and Restore Your Files.