Using ssh remote forwarding with two ip addresses at the same time?

I have been using sublime remotesubl package so that I can use sublime as the text editor to do work on a remote server. Following this remotesubl github tutorial, I was able to set up the system with remote port forwarding and etc. Now my question is, can I use the same port if I have two remote servers that I want to work on at the same time?

For example, my current ~/.ssh/config is set up like the following:

Host serverip1
    RemoteForward 52698 localhost:52698
    User foo

Host serverip2
    RemoteForward 52698 localhost:52698
    User goo

Say now if I open Sublime with one script on server1, and another one on server2, both servers are forwarding with the port 52698, will there be any conflict issues?

I am not familiar with port forwarding and I haven't been able to find the right information online. Hence I'd like to know if this is possible at all and if so, how should I set it up correctly? Any help is greatly appreciated!

In general: Two processes cannot try to listen on the same local port¹ (as it would be impossible to distinguish them), but two processes can connect to the same remote port (as there's something else that keeps the connections distinct).

As this is a Remote forward – i.e. the "listening" ends are on two different servers, and both SSH clients are just connecting to your local localhost:52698 – it should not conflict. (Assuming Sublime can handle multiple inbound connections.)

(Local forwards would instead set up a listener on the SSH-client side and connect on the SSH-server, so trying to have two forward rules for the same port would conflict.)

¹ (Technically, same address:port. It is possible to have two listeners by specifying also the listening address in the Forward option.)