Is it a good idea to purge old Rails migration files?

The Rails 4 Way page 177:
Sebastian says…

A little-known fact is that you can remove old migration files (while
still keeping newer ones) to keep the db/migrate folder to a
manageable size. You can move the older migrations to a
db/archived_migrations folder or something like that. Once you do trim
the size of your migrations folder, use the rake db:reset task to
(re-)create your database from db/schema.rb and load the seeds into
your current environment.