Does R1Soft create a full backup of my server that can be used as a failover solution

Hi guys!
I have a server with OVH and I am looking for a failover solution. First thing that I thought was to setup a similar server, install interworx under a new licence and ask OVH if their failover actually syncs those two servers. Since OVH support is dead I thought to try an alternative solution with R1Soft.

Ideally I want to use R1Soft to copy my server into a backup server, then when I get issues with my main server I will use that backup like an image to setup a new server, then I will switch all of my sites dns to the new server IP(I am using Cloudflare so that is fairly easy to do). Since I am fairly new to all this I want to know if this is possible.
If it is are there any details that I must look for?

Thanks in advance.