PSXchange v2.0

Does anyone know if psxchange v2.0 works with backups? I read case and it seems to indicate that it only works with originals and imports. But on websites, it says the contrary? Who's right?
Thanks for the help! BTW... what is the best way to copy a psx cd? Should I just copy with clonecd or something? Thanks.
Actually, for this particular item, you can't copy it. It's fairly ironic, I know, but those things you see online don't work.

Punjabee, it's a boot disc for the PSX.
Or perhaps you could register it?
PSXchange v2 works great, plus it doubles as a Game Shark and works on PSOne

As for backing up regular PSX games use any standard 1:1 ratio disc copying program and you will be fine.