MSDeploy can migrate all content, config, etc. that is what the IIS team recommends. http://www.iis.net/extensions/WebDeploymentTool
To create a package, run the following command (replace Default Web Site with your web site name):
msdeploy.exe -verb:sync -source:apphostconfig="Default Web Site" -dest:package=c:\dws.zip > DWSpackage7.log
To restore the package, run the following command:
msdeploy.exe -verb:sync -source:package=c:\dws.zip -dest:apphostconfig="Default Web Site" > DWSpackage7.log