We would like to keep both a production server plus a disaster recovery server at a business for use if the production server fails. We would like to fairly quickly be able to revert the business to the disaster recovery server should the production server fail.

We are wondering if the following would work:
Backup the production Windows Servers (physical or Hyper-V) to a local NAS as well as to cloud storage each evening. Then restore the backup stored on the NAS to a virtual disk(s). Repeat this process nightly so that any day the business could fall back to different server hardware based on last evenings backup.

Our hope is that should the server fail one day, that we could quickly boot the disaster recovery server up based on the backup taken from the night before.

Would this be wise? Is this something that MSP360 Windows Server backup should be able to handle? Could we use the Restore Verification function as a way to verify the successful restore to virtual disk? Any additional ideas or suggestions?