Yes, by deleting the partitions which is the correct way to uninstall the OS, everything will be wiped away and give you a clean slate to create a new data partition or two if that's what you want.
I would first sort all of my data into either OS's User folders then back those up externally. After install and formatting of the HD, copy these User folders back onto the HD, rightclick each to link it to the related Windows 7
Library - Include a Folder - Windows 7 Forums. You'll need to create a Library for Downloads which is important for saving your installers in one place.
This is the best way to save space on an SSD without compromising speed. Install programs only to the SSD.