Best way to set up File Locations

I am starting out fresh now on my new computer.  I hope to be better organized this time. 
 
Under Preferences, File location it defaults to C:\Cakewalk Projects.  My C drive is a new SDD so I am sure that would be fast, but I don't like the idea of project files on the system drive.  My understanding is that Sonar should be on the C drive, but projects and audio wave files should be on a different hard drive.
 
My plan is to set up the preference to save Project files and wave files under my e drive which is 7200 rpm mechanical drive.  Everything in the same folder.  I assume all of the other preference options can stay under the C-drive. 
 
What is the best way to set up Sonar for file locations?
 
Thanks

You can even move (or copy, and delete afterwards to be safe) the whole Cakewalk Content folder to a specific drive.