3 HDD in one computer: 2 with Windows XP, 1 with Windows 7, sequentially load the operating system from each of them.
I discover that some working shortcuts (not all
Shortcut (.lnk) file format information can be found at [MS.Docs]: [MS-SHLLINK]: Shell Link (.LNK) Binary File Format.
However, to spare you from reading that whole .pdf, one thing that is stored within a shortcut for sure (can be checked by "looking" at the shortcut using a hex viewer) is the (full) target path that it references (!!!important!!! at creation time): so it's "DriveLetter:\the_full_path".
To clear up confusion, I'd suggest playing with shortcuts that have targets on the same drive.
When switching HDDs, the DriveLetters (aka "C:") point to different things:
When you'll switch HDDs (making HDD2 primary boot disk) the DriveLetters will change too, so now:
Things complicate even more when introducing HDD3 and so on.
As an answer to our question: the .lnk files don't work because their target is no longer present.