It can take quite a long time using USB. However, what you are doing is really not the best backup solution. Instead you should:
1. Partition the external drive so that one partition is just large enough to hold the entire size of your main hard drive - about 80 GBs.
2. Use Disk Utility's Restore option to clone the main hard drive to the external hard drive partition made in Step 1 above:
a. Open Disk Utility from the Utilities folder.
b. Select the startup volume from the left side list.
c. Click on the Restore tab in the DU main window.
d. Drag the startup volume to the Source entry field.
e. Select the backup volume from the leftside list and drag it to the Destination entry field.
f. Check the box to Erase Destination. Skip this step if you've already formatted the drive or if you cannot format it.
g. Double-check you got it right, then click on the Restore button.
Then use a good backup utility to maintain incremental updates of the backup. I can recommend DejaVu, Synchronize! Pro X, SuperDuper, and Retrospect. All can do both full and incremental backups as well as create and maintain bootable backups.
I would recommend that you switch from a USB enclosure to a Firewire enclosure. You cannot boot a PowerPC Mac from USB, only from Firewire.
For more on backup and restore visit
The XLab FAQs and read the FAQ on backups.