it's OK then. as long as the neutral is clipped as well, there won't be too many electrons for the reduced cable size at the other end, but, only if the same strands have been cut at both ends. if they haven't you will get sydney currents in the cable ( sydney is eddy's cousin by incestuous marriage) . these sydney currents, or syds as they are commonly called cause premature discolouration of the cable insulation ( red goes brown, black goes blue and you think the cable is gangrenous, so cut back on the insulation thus leaving bare copper which will eventually go green, weeping green goo, finally withering and dropping off. this is a sure sign ( ask meggerman) thast a new CU is needed, subject to the installer having need for a perfectly good wylex 6 way 3036 board for a homer.