Absolutely leave Platinum installed and install Cakewalk by Bandlab alongside.
The VST paths should migrate but, just in case, make sure the VST paths as defined in Cakewalk by Bandlab match exactly as defined in Platinum.
Note: The latest version of Platinum November 2017 and will not be updated.
Cakewalk by Bandlab is the was of the future as this will be continually updated - the latest being 2018.9 Build 29