You will love the Indivision! Without flicker, an Amiga feels instantly modern with lots of display options thru a LCD.
I don't run a CF yet, but, I believe you can patition it any way you want, just like a mechanical HD. I usually try to have more than 1 small boot partition 50 to 100 MB in size. This allows a backup of your system files, experimenting with other versions or options, etc. Also, I'm a little OC about installation scripts (I want it installed "My Waaaay"

). If an installation script can't find a partition named "Work:", it will ask how you want the software installed rather than assume.
Food for thought.