I decided to go ahead and do it now.
The next release (probably a week or two) has this new setting:
To test, I started 6 content server instances on ports 8080 to 8085. In order for CC to know which servers exist, I did a connect. After that connect, tapping the above setting gives you this dialog (I had already renamed 2 servers):
The above dialog is a scroll view, so there is no limit to the number of servers.
After making changes, when you connect you see:
