Personally… I would not, even if it is mechanically/electrically sound like you say, because it always is until it isn’t, and by putting a splice in the cable you increase the chances of something possibly going wrong eventually. If the cord on your lamp is too long you wouldn’t just cut it and reconnect it in the middle with electrical tape and leave it like that (I’m assuming here I suppose…) because even if it could be fine for 20 years its an unnecessary risk compared to doing it properly.
If that solder joint goes bad at some point how much money and time is is going to cost you to maybe replace damaged components or a damaged power supply, or have something fizzle out in the middle of a performance or a nice recording session. Even if the chance is slim if you make little kludges like this every time when you need a proper fix/repair SOMETHING will happen eventually. Having things crammed in a shallow boat only increases the chances of a loose wire touching lots of things you do not want it to if it fails and increases the stress on the wire to begin with.
Granted these crimp tools can be stupid expensive - but I’m sure there are enough people out there who could whip up a few custom length power cables for you at a reasonable price that is probably far less than that of a new power supply.