Ghost Image Complications- I Need To Transfer Data

I need to transfer data, settings and programs from one notebook to another. Should I expect trouble if I make a ghost image of the hard drive on the original notebook, image it on to the new notebook and install all the drivers for the new notebook? There are a few large programs and alot of critical data and settings, so if this method works, I would like to do it this way. The old notebook will have Mandrake installed, so the XP license will continue to only be used on one computer.