Hi Lazer,
Good feedback!
Not sure that everything is correct about the security. I am able to actually run the server with a recovery image restored on a USB drive. In fact everything one needs is on the recovery drive. All one has to do is to extract the appropriate image from the recovery disk and burn it on another USB disk. The system's protection reside on how the system is booting and how the paths related to the drivers and configuration files are loaded. There are some encrypted files that are not really relevant to the functionality of the system in it's entirely.
I need the directory and file structure of the internal image and see if I can reconstruct it from the recovery key.