Have iPhone 5 set to back up to iCloud but need both iTunes and iCloud done...

Question

after going from 4s to iphone 5 and dragging and dropping like 15 playlists and about 4300 plus songs there must be a better way.
I backup complete itunes folder, exporting all playlists as xml files i am learning as i went from 3 to 3GS to 4 to 4s and now to a 32gb white 5. while i learned on the 4s to 5 that icloud only does store bought music of which i have a lot but most is my own music ripped from my cd's at AAC 320 VBR.
anyhow problem is i always did itunes manually never auto sync for at least 6-7 years as i did auto sync once on original ipod and learned never again after a wipeout.
so i keep icloud on (under icloud on iphone) and itunes also is checked back up to icloud on"summary page" of iphone when it's plugged into itunes 10.7. i did try changing the settings back and forth but 
and hit back up every other day or so using icloud manually in phone. i did the turn one off and other on once or twice but based on time etc. it seemed like it had to start a complete backup tpicloud agoin but checking icloud via broweser (IE 9). but do use itunes daily and manually hit the sync button and rite click my iphone in left column and choose backup daily. I see the backup in preferences so assume it's doing its thing. I use 4 pop3 accounts including terrible icloud mail which is so spotty. it started as @me in july and in august my kids signed up and got @icloud addresses. i see i have them also in email settings under icloud allowing me to send or recieve from either.
none of that matters I just want to know if my dual backup scenario is actually working. apple says its one or the other from their own KB articles. BUT I THINK DIFFERENTLY JUST BY THE RESPONSE MANUALLY.
I see the space taken up by the current iCloud backup I do. I also see the current back up I do manually through iTunes so does any other user here know if this works? I see my "notes" and any changes made today so at least iCloud is picking it up...now how to find if iTunes is doing the same.

Answer 1

no one has doubled up on their backups so they don't lose earlier bought music or expensive audiobooks prior to iTunes 10.3?
or at the least none of the knowledgable people here are familair with doing this?
thank you I have huge library and don't want to manually redo it again for my own music. the store bought apps and music for the most part works from icloud but I defenitely want both options available to me.
thank you