Hi
". . . can Time Machine be configured to mount and backup to a network drive?"
Assuming I've understood your question and if the network drive can support it (Time Capsule etc), yes.
"We'll have Time Machine backups, and Time Machine really can restore a complete OS . . . it can, can't it?"
It can but for a critical server/services environment and IMO I would not trust it. There are many threads describing how restoring from a TM backup can result in disaster. Would you want to trust it if - when the worst happens and you absolutely need it - some or all of it is unusable?
I know you may have considered this but I mention this for others just in case they haven't. Any backup strategy should involve a scheduled test restore. Reading in between the lines of many of the threads made on these and other forums, there appears to be many who diligently perform regular backups day after day, year on year, yet have no 'guarantee' that any of it is usable because they've 'failed' to perform a worst case scenario restore.
Having said all that, TM for ML Server is supposed to be more reliable but for me it has always been and probably always will be a backup solution for single home users only. Which is was what it was designed for in the first place. Using it in an enterprise or critical services environment . . . I don't think so.
Other's no doubt may offer their own opinions and as in many things YMMV. The above is just my 2p.
Tony