Changing Library Drive Letter Without Losing Data

That’s generally correct. Though I’d recommend adding at least two steps:

  • Make a backup of your Plex database before beginning (perhaps your entire Plex data directory).
  • As part of your verification process, use the “Duplicates” filter (for at least your movies and TV episodes) to ensure nothing was mis-detected as duplicates.

Also be aware that some manual merging/splitting may still be required even if you follow the steps above perfectly, particularly if you find that you normally have to perform a lot of manual matching when adding content to your library.

Finally, there’s another method which is often recommended, if you’re comfortable with SQL: