Quote:
Originally Posted by vBulletin manual
$config['Misc']['admincpdir']
By default, vBulletin will install the files for the Administrators' Control Panel into a folder called admincp, but you may wish to rename this folder this for security purposes. If you rename the folder, enter the new name here. Note that you can only rename the folder, if you move the folder to a new location the system will be unable to function.
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Sums it up.
That quote is from the installation instructions about configuring config.php.