should I move... before I delete the old version folder?
I see two problems here.
When we move files from one location to another we break the referential links OpenToonz has to them.
Don't do that.
If/when we delete folders we break links to files referenced in older projects.
Don't do that.
My suggestion would be to move the entire directory to another location (or backup).
The issue with opening older .TZN files is that other files in the Project may very likely not be in their same referenced location.
This is why it's important to set up specific locations for Project files and to keep those directory structures intact.
An additional problem arises when we import some files and load originals.
Both are references to a file in a specific location but the imported file is generally copied into the established file structure whereas the loaded original reference points to that original location.
Importing is the safer of the two in most cases because it's less likely that referenced file will be moved inadvertently.
If you are just trying to safeguard... one option would be to:
Zip up the entire stuff directory (making sure the compression software you are using is storing directory structure) and then store that safely someplace else.
Because I install almost every nightly release the potential for lost files is high.
When time is of the essence I have been know to rename the root folder of the stuff file and simply move it into the new stuff diretory.
Then when I have more time I can rename it or move it somewhere else.