XF 1.5 Location Details

I just bought my license and am preparing to download the software. I want to set it up in a test folder off the root of my phpBB board so I can keep it up and running for my users.

I'm being asked for my board's location details. Am I correct to presume I should enter the test url, and then update the license when I'm ready to migrate and move everything to my board's root folder?