Ghost 2003? Man, I thought I was the only person still using that. That is the one called 8.0, isn't it?
My interpretation of what you want to do is that you have two bootable XP installs on one drive, and you want to split that onto two drive, with each install taking up the entire drive. If this is wrong, please straighten me out.
The problem is that in addition to the installation partition your drive contains a Master Boot Record and (I think) a Boot Loader that are not in any partition. If you copy partition 1 to a partition on a new drive, it will not boot. No MBR.
If you do a disk image (instead of two partition images) and restore it to a new drive, you will get a bootable drive with two OSes, which is not what you want.
I see two solutions. One, restore the full disk image to both of the new drives. Then remove one boot entry from the boot menu of each drive, delete the corresponding partition, and expand the remaining partition to take up the entire drive.
The other is to restore each partition to its separate drive, then attach only one of the drives to the system, boot off the XP installation drive and choose to do a Repair Install. This will make the drive bootable. Repeat for the other one.
Of course, you will have to use the BIOS to choose which drive to boot from.
Finally: If you move to Win7, get a newer backup tool. I used Ghost 8.0 for years until I had Win7. It does a bad job with Win7 alignment and partitioning. A shame; that was a wonderful tool.