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EOC 1.6 and 2.0 on same server?

I have been using EOC 1.6 for years.  I am very pleased to see that it is finally getting some love.  That said, I read that 1.6 and 2.0 can be run in tandem but that a new server would be needed.  Is that actually the case?  If so, why?  I would much rather install them on the same server so that when I am ready to cut over to 2.0, I would just need to change the website bindings.  On a different server I would have to either do an IP/name swap or multiple DNS record changes for the SSL certs.