Hi,
if there are no replication V1 sessions configured, so the answer is yes.
It's just a matter of unlicense RepV1 and lincese RepV2. No risk for your production at all.
If you have replicationV1 sessions, and you want to preserve them converting to RepV2, so it's a different approach. In this case, I recommend you to contact your local EMC representative.
Gustavo Barreto.