My main concern for this move is not security,
I have been using untangle as a spam filter, and it has been working great until recently (Worked great for about 18 months, last 3 weeks it has started to give problems). I've had to reboot it a few times. Because it sits between my router and my switch (bridged) when untnagle is being rebooted everyone looses web access.
I would like to move the location of untangle so that it is only filtering public / inbound traffic to exchange. I can not place it between exchange and the switch directly. I have many apps that send mail via exchange, and untangle will mark or deny those messages.