There are many warnings about running profiler on a production server, but those warnings are for the profiler GUI. The recommendation for tracing a production system is to use the server-side trace scripts (like you're doing) and to write the trace to a file on a fast drive on the production system. They have to run on the server that is been traced.

I've often done these kind of traces. The impact is minimal, much less than tracing using the profiler front end.

What drives do you have in your server?