We frequently dump databases from one server and load them on another & it works pretty well.

There are a couple of things to watch out for however.
1) Login. You will probably want to make sure you have a non-LDAP Site Admin login on the source server. LDAP might work on another server, but might not.

2) https/ports . If the original is set up on https or on a different port than yours that might present problems. You might need to configure this in the database by directly editing prop.properties table in the database before startup. You probably want to set sslRequired to false