hi fezzler,
no you dont.
you only need to make certain that guitar tracks plug in manager is scanning the path of your vst folder.
no need to make new folders.
under plug in manager,you should see the default path like:Cakewalk/guitartracks/vstplugins.
simply add the new folder path to the PI manager and click okay/rescan.
theoreticaly it should show your plugins right away but you may fare better by restarting guitar tracks.
apon restart you will see guitar tracks now scanning the new plug ins you have set the path for.
I hope you have found this somewhat helpful.
Charlie Roy jr.