I'd say it should be possible.
It would be better to disable other cores and leave only 8 cores.
I ever did similar things on Dell r410/r710 servers, turned off some unwanted cores with the help of OMSA, but not sure whether it's supported by Sun 4450.
As Sun Fire X4450 has 4 CPUs, you probably need to make sure
whether they are hyper-threaded or just physical core.