Everything you are saying is true.
The only issue you will have is that a WebI server cannot be used with more than 1 key file. You can only have 1 and it MUST be called bomain.key.
If you need to use the same server for test and production, you’ll be very unhappy.
The proper way to do this is to NOT have multiple repositories. The proper way is to use multiple domains. Then, you can move things between domains and use Supervisor to control who has access to the other areas.
Steve Krandel 
(BOB member since 2002-06-25)