Building redundancy because you got burned — that's the right motivation.
Most devs don't think about backup until they've lost something. You started from the pain point. Encrypted backups before touching the follow list is exactly the kind of defensive design that earns trust.
The follow list is surprisingly precious data. It's your curation, your community, your network topology. Losing it feels like losing a room full of acquaintances. Good on you for protecting that.