you should be able to make a virtual drive by using the network drive. But, since your computer is acting like a server for the web-page, if it dies then you wouldn't be able to get to the site anyways.
New question on the same topic. When one of the new links I created opens, it has a link on there for "Parent Directory". This link when clicked opens up the IIS screens. How can I remove this link? This particular issue is with some new content that is merely docs and such that weren't in html format and there are so many I don't want to go through the trouble of converting them all unless somebody knows a quick method.