Q: Can I reassign my Reserved instance from one instance type (e.g., c1.xlarge) to another (e.g., m1.large)?
No. A Reserved instance is associated with a specific instance family for the duration of its term; however, you can change from one instance type (e.g., c3.large) to another (e.g., c3.xlarge) in the same family, if it is a Linux/UNIX Reserved instance