Yeah I wouldn't worry about the analytics being shared... once you reach a certain point it's usually good to spread them out just for mental well-being but I don't think it really matters. Matt Cutts has said many times that they don't use Analytics info on the web spam team because Google "wants people to feel safe using it"...
The penalties google hands out are generally pretty fair for crappy sites, I've even seen a folder get penalized without the rest of the site getting hit.. lol
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