Yes, that will certainly stop all well behaved bots from searching my site, completely - which is not really what I want.
95% of the crawling is fine, just a few bots are trying to access the IP/~ method. I am not sure they are hurting anything actually.
This was supposed to be in /var/www, which also holds the default cPanel pages. It should not affect your website at domain.com. You can specify the bot
I'd usually advocate: if it ain't broke, don't fix it, one I've known to bite me later.
I assume you just don't want your log to grow?