Where should I save my max devices?

I've gotten into the habit of saving my max projects in my Ableton>User Library>Presets folder, which is where Ableton sends me every time I go to save a new Max instrument or effect, but it feels like a kind of kludgy way to do it.

I'm curious if I can grab the Max Audio Effect, and Max Midi Effect, and Max Instrument folders out of there without causing total chaos.

Like if I just move those folders to my Max Projects folder, in Documents, and have the projects folder in the search path, will Ableton be able to find my max devices?

I'm also wondering if there's a way to change this User Library>Presets folder as the default folder for saving a new M4L device from within Ableton.

Am I loony for not liking this Presets folder system?

Who ever wants to go into the Presets folder?

ta ta,
R