>We are planning to upgrade one of our 2094s dynamically from a 712 to a 714.
>IBM assures us that their stuff will work.  

IBM's products do work.

>Since we have the two engines in reserve our understanding is that we can 
>simply configure them online without an IPL or Activate.

This will work if you have extra CP's in the RSVD field for the image profile.
If you don't, you will have to re-set, re-activate & re-IPL.

>My question is in two parts.
>Has anyone done this

I've done it many times on a z/990.
It only works if the engines are available.
And, you have to have them configured in RSVD.
(IBM has recommended, for years, that the reserved CP's be the difference 
between the maximum configurable and the current online).
Eventually, you will have to update the image profile; the reserved engines 
will be offline at the next IPL.


>and were there any issues with third party products?

It depends on the product.
CA, for example, has each logical CPU serial number in its licence keys.
SYNCHSORT, as another, allows 60-90 days before the product(s) expire.
Others "don't care".

You will have to call (or get somebody to) call all your vendors.
With time zones, and differing hours of service, you may find this the most 
time consuming part of the process.
-
Too busy driving to stop for gas!

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