If you remain concerned about C: you have the option of copying your current Pegasus Mail installation to a USB device and running it from there with the -ROAM command line switch. This assumes that the mailbox directories are inside of E:\PMAIL. A couple of drawbacks are a noticeable but not crippling slowness because of read/write speed and you can't make it the default mailer.
If you remain concerned about C: you have the option of copying your current Pegasus Mail installation to a USB device and running it from there with the -ROAM command line switch.   This assumes that the mailbox directories are inside of E:\PMAIL.  A couple of drawbacks are a noticeable but not crippling slowness because of read/write speed and you can't make it the default mailer.