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No, it's not unsafe to install pixelpost multiple times, or to to have more than one template per install.
The security issues are for an automated system, like our Extend section. If users themselves can add their own templates & adddons to an online 'demo' of sorts it would open it up for abuse, as malicious programmers could upload a bad addon, or a template that could be used to redirect users to spam sites, etc.
As long as there is someone moderating it, and manually checking everything before adding it, you shouldn't have any problems.
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