Changing my Plex Media Server Local Application Data location

Everything is running smoothly at the moment, but my C: drive is almost full, basically from the PMS Local app data folder. I have some large TB SATA drives installed, but my c: drive is only a 500gb SSD. I have over 300gb of data now located in my PMS AppData folder. How can I change this to my H: drive instead, without messing up my operation? I see you can just change the path where the application data is stored in the settings section, but is it as simple as that? Can I change the path and then just cut/paste all the info from the old folder to the new one? Want to confirm before I do anything.

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