Well you can rename the numbered folder, but the limitation is that Media Composer will read it, but will not index any new material added to it. Media Composer itself will always want to render, capture, transcode, etc. to the “1” folder until it reaches its file size limit and automatically create a “2”, then “3” etc.
When working on “dailies” for projects, I will put my transcoded MXF files for day 1 into a folder 11, then day 2 into 12, etc. This leaves MC to do its things for renders and such, but the original dailies files are segregated by day. Just note again that none of these folders can be targeted from within Media Composer. This is a half solution and needs careful attention to be useable.
Michael