Correct. Reading from an SSD doesn't reduce its lifespan, only writing and deleting. VSTs, VSTi's, loops, samples and SONAR itself are mostly static and therefore good candidates for SSD storage.
And honestly, I'd have no qualms about using an SSD for things like SONAR projects as long as I was backing them up regularly. And preferably not saving them to the same drive that hosts Windows, because replacing the C: drive is a hassle compared to replacing a data drive.
To answer Kev's question, you can locate the paging file on any drive and even split it across multiple drives. You can also make its size fixed, saving the overhead of resizing it on the fly. Some will argue that paging to an SSD would be a performance boost, and that's (kind of) true. However, if you have 16 GB or more of RAM, the only time you're likely accessing the paging device is when you first start up a program, so using an SSD for it won't yield big performance boosts and putting it on an HDD won't significantly slow you down.
Regarding RAMDisks, they've largely fallen from favor for awhile now because disk drives are so much faster today than they were back when RAMDisks were popular. If you were to move the page file to a RAMDisk, it's sort of like robbing Peter to pay Paul - you'd be reducing RAM to make the process faster that mitigates insufficient RAM.