OK to use DHCP address for PBS?

I have my VE server running a few months now and really like it. Setting up a PBS server over the holiday break, so it's "new to me".

Is it OK if I setup the PBS with a DHCP address as long as the name is resolved consistently on my LAN?

If so, is there an easy way to do this during installation or initial configuration?

Thanks in advance. Looking forward to getting it running!