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#21
Sure you can save it although if it's triggered by F8 it won't retain the hotkey at boot since that menu is reinstalled with Windows.
But we have ways to add it to a Dual Boot menu from Windows if needed. Boot Recovery Partition using EasyBCD
You can also make your REcovery disks as explained here to have a backup method for Recovery: Dell Restoring Your Computer´s Software to the Factory Settings
Most owners like the Clean Reinstall and use a WIn7 backup image in place of Recovery going forward.