That is exactly what I do in my case. But, in that case the Current and Archive menus will not be visible.
It is also possible not to define that installation as you suggested but put in menu that Current and Archive redirect user to the installation that is used for published issues only i.e to its menus Current and Archive.
I have also put block Submission to the installation used for publishing but defined that Submission block in a way that it directs author to the installation for submissions only instead to submission within installation used for published issues only.
That may be useful if you have journals with hundreds of submissions so they easily mix up with articles that are in queue.
If needed I can provide you with links to those installations which may be useful to someone.
Thanks