In this paper, the performance of two-way relaying in mixed RF/FSO communication system with a backup RF link is investigated. Uplink RF channels are used to send data of $K$ users to a two-way relay, $R$, whereas FSO link is mainly used to exchange data between a base station $S$ and $R$. We propose to have a backup RF link between the relay $R$ and the node $S$ to improve reliability under certain conditions. All uplink RF channels follow Rayleigh fading model while $α$-$μ$ is adopted to model both backup RF and FSO links. We approximate the widely used Gamma-Gamma fading model using the $α$-$μ$ distribution based on moments-based estimator technique assuming perfect alignment between transmitter and receiver antennas. This approximation shows good agreement under certain atmospheric turbulence conditions. Then, we derive exact closed-form expressions for the outage and average symbol error probabilities and derive approximations at high signal-to-noise ratio (SNR). We corroborate our analytical expressions with extensive Monte-Carlo simulations and demonstrate exact match. Furthermore, we analyze the effect of number of nodes, opportunistic scheduling among $K$ nodes, and $α$-$μ$ parameters on the overall performance of mixed RF/FSO and backup RF systems. Our numerical results illustrate an achievable coding gain when increasing $K$; however, performance degradation occurs as the relay applies selection that favors the domination of specific links in the system.