It should be okay. bup is pretty resilient and only creates new
packs, it doesn't rewrite existing ones. However, I'd still suggest
using something like 'bup save -r /path/to/cifs' instead of actually
putting your BUP_DIR there. That uses the bup remote protocol and
works the way bup is supposed to work: BUP_DIR is local (and thus very
fast, for the high-bandwidth activities) and the remote dir contains
the actual backup.
Have fun,
Avery