Yes that will work safely as long as the maximum power drain of all your pedals doesn't exceed 700mA, which is a lot. A regular ACA or PSA adaptor can deliver 300mA.
The NS-2 is the only "power pedal" ie TU-2, PSM-5, and LS-1 etc. that is rated above 200ma. So check the max. current rating if you are going to use one of these in your chain with the 700ma supply. here's a thread from before;