Since it is the same Volumio image for all PI installations, it should be OK. I have used the same SD for testing purposes in RPi 4 (2GB), RPi 3B, RPi 2 and RPi 1 (the last one was not so fun, but worked)
that should not give a problem but a fresh install will always work too.
the burn process could be different for version 3 if you want to re-install with the latest version.