I just needed to copy the Default Website Property settings everytime a new test server is to be set up. It is tedious to compare and do that manually everytime and there is a chance of mistakes.
I know we can use the Web Deployment Tool to sync websites between a local and remote IIS server. But all I need is copying the iis settings and not the websites in it.
If I use the Web Deployment Tool it copies even my website files which are on the Default Web Site (No Virtual Directory).
I see you've tagged your question with IIS5. I've used the metabase import export tool before with some success, although it is targetted for IIS6 so I don't know if it would work for you. Perhaps worth looking at though: