Can virtual files include a path ?

Simple question.
Can Virtual Files contain a path ?
e.g.
I currently have the following virtual files which work fine.
eqclient.ini virtualized as eqclient-character.ini
Can I create the following (well, I know I can create it but will it work?)
.\uifiles\classic_spell_icons\gemicons01.tga virtualized as .\uifiles\classic_spell_icons\gemicons01-character.tga
Can Virtual Files contain a path ?
e.g.
I currently have the following virtual files which work fine.
eqclient.ini virtualized as eqclient-character.ini
Can I create the following (well, I know I can create it but will it work?)
.\uifiles\classic_spell_icons\gemicons01.tga virtualized as .\uifiles\classic_spell_icons\gemicons01-character.tga