I've been doing this for quite a while and do nothing in the way of other types of backup...the only drive failures I've ever experienced were drives that were installed in my machine for extended periods, getting exposed to heat and bearing wear (drives turned on are constantly spinning)...I always have a temporary 'work drive' where I move stuff I'm currently working on. If i need something from the archives, I plug in the drive (very quick with that cable), copy the files to my 'work drive' and do what needs to be done (weather it's to burn, edit, etc). If i make changes I need to archive...off to the archive drive it goes. The way I see it is a drive on the shelf with only a few hours usage is as good as a new one from the store...should last a good long time!
Before I bought those cables I used to do enclosures, I've got about 20 enclosures on the shelf, that is a bit expensive by comparison.