This will work perfectly and efficiently. I should make you aware of some of the hidden issues that will cause you problems later if you don't know about them.
The only forseeable problem you will have will occur when you try to take the first server offline when you no longer need it. Because it was the first to be installed, it has taken several roles that should be moved before doing away with it. It is also the only Global Catalog server for your network and this must be rectified beforeshutting the first server down.
1. Move the Operations Master Roles to the live machine. This requires you to move the five different operations masters roles using the Active Directory Utilities. Check the Windows Help on the Server machine and it will give a pretty good procedure for doing this.
2. Create another Global Catalog server. Open Active Directory Sites and Services. Expand the Default-First-Site-Name (or the site you have configured) icon and the folder labelled "Servers". Find the new server in the list and expand it. You will see an "NTDS Settings" icon. Left-click once on it to highlight it and then Right-Click on it and choose Properties. You will see a little check box labelled Global Catalog. Enable it.
Once youhave done these things your test machine can be decommisioned.