So what I want to do is make a second folder holding Elysium and use it as a second account to play Alliance. I never got to play Vanilla and I would like to experience it from both sides. I would also like to have all my characters on one server. The reason I want them on separate accounts/folders is because I don't want addons like Bagnon collecting to much data on characters from the opposite faction. However I also don't want to get banned for having more than one account. So I guess what I'm asking is can I do this, and not get banned for it? I've read the rules but this exact scenario isn't brought up. In addition to that doing something like this could cause community problems I might not even be aware of.
P.S. I play on a Normal realm so I'm not going to be giving away locations of other players so the opposite faction can gank them.