So, why should you not split it? I mean, I get that I just shouldn't, but...
I wanna run a single CPU on my build and would prefer not to shell out on a new PSU. I have a XFX 850W something something.
The reason to
try not to split is that each split / each additional connection adds resistance and in the case of splitting pc/server power there's often very poorly made connections / adapters which now add an additional problem of them 'coming off' and starting a fire, melting the connector, etc...
As someone else said make sure the connections don't get hot you don't want them overheating and melting in the future, and then make sure they're snug... and to be extra safe I use electrical tape to connect my extensions, splitter, etc... just so I know they aren't coming apart.
FWIW I am running at-least 2 or 3 splitters in my home all in one to accommodate so many drives in a tower case
with custom brackets, and drives (SSD mostly) shoved everywhere. At one point I had 8x HDD, 17x SSD and 2x 2.5" NVME crammed into this mid-tower... I think all but 4 were direct connect (no backplane) so that was a ton of adapters for power. I've reduced it a good bit now (2 systems), but still run electrical-taped splitters/adapters where I needed too.
Also, as a side note I've gotten around 5+ boards from ebay that had splitters still attached for the 4 pin power from molex, so it's somewhat common on certain boards in server configs too.
Be sure to examine the splitters carefully sometimes the wires aren't the only issue and the plastic is brittle and BAD for where it's used and wil simply snap and crack not flex as it should, etc...