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the Directory Server 6.3 migration utility works only starting from version DS 5.1 and later, so unfortunately the plain answer is: 'no, you cannot use the dsmig tool'. However you could think to perform a manual migration verifying all the required changes to the schema, indexes, ACIs, etc... as described in the official product documentation:
[Chapter 3 - Migrating Directory Server Manually]
For what it concerns the second question, the answer is no, it shouldn't be an issue.