Yes. That would be a way of doing so. If you can afford the downtime, you could also use a backup solution (XOA, Alike DR, etc.) to backup the VMs from both hosts, build the pool from scratch using both hosts in a clean state, and then restore back into the new pool (this way gives you a chance to not only start fresh; but, implement any big "lessons learned" or "new ideas" you've got on your list).
C