I don't even think you have to clone. It's a question of where your boot drive is. If you have a system that does a Boot From SAN directly for running the os, you don't even need to do a conversion. Create a new virtual machine in ESX and provide the SAN location as the disk and it should work straight off the hop. the restriction is that ESX needs to have the disk presented to it.
If you have internal storage on the system, and an additional RDM storage ... i would disconnect the RDM storage, do the conversion, and reattach the RDM storage via ESX or VirtualCenter.
Same as any physical windows system. it's just done a little differently, since you don't have direct connect hardware in windows. ESX gets the RDM, then passes it through as if it was a direct attached storage to the virtual machine.
I'm not all that familiar with SAP.
If you hot clone a system, converter will grab ALL attached drives that are listed in Disk Management and attempts to convert them. This would turn an RDM into a VMDK file .... therefore it won't be an RDM after conversion. this also doesn't work all that well. If you cold clone, it can grab whatever it can see via its storage drivers. you may need to provide specific drivers for the attached storage.
Stuff that doesn't hot clone well is anything that runs high transaction or IO services. Databases, PDC, BDC, among others.
I hope that gives you a starting point,
EvilOne
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