Actually, this is what I've been planning for a long time (years, really), and have been setting up the last 2-3 days. I have 2 desktops (only use one regularly, the other can sit idle for over a year), and 3 laptops. I set up one of the laptops to be my file server, will see how it works out. That laptop only uses about 12 watts with the monitor off, which of course it is (off) unless I'm configuring it. However, I thought that if there was a good way I could keep the other mappings (e.g. from a non-server laptop to one of my desktops) without issues, why not do that? Maybe not worth the trouble and I'll "disconnect" those mappings. I've been dealing with those messages for years.
Even with a USB external HD (I have a WD20EARS 2TB) connected to the server laptop, it would draw less than 20 watts with the LCD off. I have been investigating (was hoping) to run the server laptop intermittently, having it go to sleep after X minutes of inactivity and waken (WOL) when requested for data, but don't know if it's possible to get this running satisfactorily. It might not be worth the trouble. It's not really the power consumption entirely but the possibility of equipment failure as well that concerns me, i.e. likely failures over time might be the fan and HD. The "server" laptop (Lenovo T60 running XP) supports HD turn off after X minutes but it doesn't seem to be spinning down (I believe I hear it all the time).