Remember: save your downloaded Lion installer before installations.
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Yes, it is supposed to leave a 'restore' version on a separate partition -- automatically, and this can presumably be cloned, and Yes, you can always download it again 'for free', but it may be wiser to use one or other known method to save the installer file to DVD and/or flash drive first. These methods are simple and easily followed.
Look under "The Roar of Lion" topic.