What if I already am?
In my site.cfg I have a test for product versions, and load different variables depending upon the versions - most of these are related to civil ss2 vs civil ss3.
And a number of variables come from the install folders, so when someone starts Ss2, they get those variables and when they start Ss3, they get different variables.
Only my workspace folder is networked. All of the folders under the config folder in each product are still used. My redirection is only workspaces and where it finds standards.cfg.
So what are the "bad things" that can happen?