OK, here's the happy ending:
I was able to transfer the image of the failed drive to the new HDD without running the Seagate's installation software and without reinstalling Windows XP. I also did not have to reinstall all of the applications, which is what I was really trying to avoid. While I'm sure that I've lost some data/files somewhere due to the HDD failure, the only thing I've noticed so far is a few network links & shortcut paths had to be located or re-created and I had to reinstall iTunes in order to burn CD's. This was caused by the HDD failure and not by Ghost.
Here's what I learned about using Ghost version 10:
When backing up the HDD there is an option to "Backup" which creates a ghost image of all OS, applications & data. There is another option to "copy the drive" which copies everything but is not restorable from the bootable Ghost install CD. Of course, I used the "copy drive" option first and couldn't copy it to the new HDD. When I created the ghost image/recovery point by using the "Backup" option, restoring it was easy.
Also, the install CD is very functional (allows several utilities including ipconfig, network operations & several more that I can't remember right now). Fortunately, I didn't need those functions but it's good to know they're available.
I highly recommend Ghost and (raising my right hand) do solemnly swear to regularly make complete images of all my HDD's from now on, and not just use Ghost for backing up the data as I had been doing previously.
Finally...MANY, MANY THANKS to Calum for your help!