Mr-Protocol, thank you for your replies. I went to the BT tutorials as you suggested and used these http://www.backtrack-linux.org/wiki/index.php/Persistent_USB instructions on my 64gb usb drive, with a few minor changes to accommodate my install, and when I reboot my computer to the usb I get nothing but a black screen and a blinking underscore. No splash screen either. I let it sit there for 30 min and no difference. I've been searching google for hours and have been browsing the BT forums and can't find the answer to my problem.
The only changes I made were to the sdb. Mine happened to be sdc. The other change was to the primary sdc1 size which I made mine +160000M. And the balance of the stick was sdc2. The install went perfect as far as I could tell. No errors. I've tried twice and got the same results. Black screen with blinking underscore and no splash screen. I have no problems running BT5 from the live cd which is what I'm rsync ing to the usb as the tutorial suggests.
I don't want to use a windows installer because from what I understand i will not be able to use the full stick for storage. In my case 64gb. Nor do I want to encrypt the drive as you suggested.
Please help fix my black screen issue. Thank you.