LabID Server Migration - How to move foreward?

Our goal

We want to move away from the local testing and "soft-deployment" instance and migrate the LabID Server to a centrally hosted VM.

More detailed description

Due to accessibility/network restrictions, etc., we want to host LabID on central instances provided by our university's IT department. The migration of the database to the database server already worked with your help (Issue #25).

Unfortunately, I have basically no experience with the software stack of the rest of the LabID Server (Django, etc.). Therefore, I wanted to ask what the best way to move forward is. Especially if I do not know if relevant information is stored in the "labid-server" files on the local machine.

The most "naive" approaches would be for me:

1. Just install a new LabID-Server on the VM and change the settings (database) accordingly.
2. Just copy/paste the labid-server folder from the local machine to the VM.

Any help is highly appreciated. Also, potential information about side effects of the above-mentioned options.