Moving CVS repository

I have made a mistake in accessing the host: I used

:pserver:cvs@localhost:/home/cvs/repository

and wanted to use

:pserver:cvs@xxxxxxxxxxxxx:/home/cvs/repository

Is it dangerous to do this? I do not have other files called Root.
I do not want to redownload everything from remote (the problem is: I
used this tree locally and burned it to a CDR).

find -type f -name 'Root' \
  -exec perl -pi -e 's/localhost/some.hostname/g' {} \;