Confussion with Xecuter 2.3b Lite

[The KeeN]

Hi guys,

I have just been converted from PS2 to XBLOCK in the last few days so I went and bought one.

I have a modded PS2 and now, no messin' about I want a modded XBOX.

I have bought a Xecuter 2.3b Lite, very nicely made chip I must say.

I'm not worried about fitting it as it looks a piece of p*** compared with some of the PS2's I've done.

What does confuse me is that I want to play Xbox Live and backup new games.

Can I:

1) install the chip and have the normal bios and the X2 4781.

2) FTP the Xbox without running a different Dash or run a different dash only from a disk.

3) I mainly want to use the Xbox Live features so with that in mind what should I do.

Thanks