Well, it's according to what you mean by "boot drive" and how/where your data is stored.
For instance. If the key is legit, you can actually use it to "upgrade" your current OS with no changes aside from features.
He may have given you another hard drive with the OS installed and the key for it.
You could be talking about a USB key with the installer and the key.
If you choose to change the hard drive/SSD to a new one, save your info elsewhere to be able to restore.
If you are doing a new install then save your info elsewhere.