301 redirect hosting only

ok Im getting a bargain hosting from siteground for 301 redirects only. Will use separate redirect subdomains for separate clients. I get only 1000 visitors per day for my current 301 redirections
So it should be OK tu use siteground hosting for that?
Or have I missed something?

1000 visitor per day is kinda normal and I'm sure many host able to do that for you.

What is your budget per month?