1000 images sounds insane for an average sized portfolio.
Text as images is a big no-no, Search engines will simply see a blank page.
I design in Illy/Photoshop, then I code up in Dreamweaver, going back into Photoshop as and when I need to add a part of an image/design element, I'll extract that part of the design from the psd file as a transparent png or jpg and add it to my design.
You really want to stay away from letting Photoshop doing the work for you as the end result won't be nearly as semantic or streamlined as you could do yourself.
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