I know we have a "WeatherCat and Mac OS 11 Big Sur" thread. Perhaps we can have a more generalized thread? If not needed, the Admin's (or the WC Dev) are certainly free to add this to that other thread or simply delete this one. I find this developer to be an expert on how to deal with OS updates in general and in the making of bootable backups in particular.
Here are some recent thoughts by Mike Bombich: