As long as this is for the static files to save space you will be fine.
If you have programs under `/var/www` (e.g. using WSGIScriptAlias) I suggest you separate these out to physical locations outside of `/var/www` on a machine by machine basis. The distributions often differ in subtle ways that need to be reflected in your programs. You will most likekly have to do such separation if the programs save data in some (sub-director) of the program location.