na04> ifgrp status     
default: transmit 'IP Load balancing', Ifgrp Type 'multi_mode', fail 'log'
na04-vif0: 2 links, transmit 'none', Ifgrp Type 'single_mode' fail 'default'
	 Ifgrp Status	Up 	Addr_set 
	up:
	e1b: state up, since 19Jul2013 21:00:11 (00:00:06)
		mediatype: auto-10g_sr-fd-up
		flags: enabled favored
		
	e1a: state up, since 29May2013 11:19:37 (51+09:40:40)
		mediatype: auto-10g_sr-fd-up
		flags: enabled
		
na04> Fri Jul 19 21:00:42 PDT [na04:pvif.switchLink:warning]: na04-vif0: switching to e1b  
snapmirror status
42 seconds after the favor cmd the switch is made - e1b is now "down"
na04> ifgrp status
default: transmit 'IP Load balancing', Ifgrp Type 'multi_mode', fail 'log'
na04-vif0: 1 link, transmit 'none', Ifgrp Type 'single_mode' fail 'default'
	 Ifgrp Status	Up 	Addr_set 
	up:
	e1b: state up, since 19Jul2013 21:00:11 (00:14:30)
		mediatype: auto-10g_sr-fd-up
		flags: enabled favored
		
	down:
	e1a: state down, since 19Jul2013 21:00:42 (00:13:59)
		mediatype: auto-10g_sr-fd-up
		flags: enabled
		
I repeated this test on the partner 3270 node - it took 31 seconds to report "switching to e1b"
What is happening during the transition?
From the commandline and snapmirror perspective this was non-disruptive (but there are no NFS clients running from the standby cluster) - a constant ping did not record any dropped packets or extra latency.
thanks to "Sto RageŠ <
netbacker@gmail.com>" for reminding me I could at least test this on the standby cluster.