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So is it worth it to spend the extra $120 for two Blacks?

No. Your application, "backup drive", is exactly one scenario that the Greens were designed for. These are the same drives that WD puts into their various external USB/eSATA enclosures now, which are what most folk buy for backup drives.

Despite the Green being touted as "not high performance" everywhere, the one I have here is the fastest drive in the rather extensive collection of mechanical drives here. I think it's even faster than the 1TB Black drive here. At least for the uses I put it to.

Faster than the 750GB Seagate and Hitachi "performance" drives, too. Speaking of which, I plan to never pay my own money for 3.5" drives from either of those two makers.

Cheers