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XF 1.4 Moving my existing top level Xenforo to a subdomain of same address?

Hey all,

I've got a Xenforo installation (lapsed now so no upgrades for me) and I'm thinking of buying and adding another Xenforo license on to the domain but having both on a sub-domain...


Now what I want to do is move my existing XenForo installation to the subdomain of mwo.mechspecs.com; is this easily done or am I going to regret thinking up this idea?