Hey Cale,
You would need to run scheduled backups from the primary to secondary SMA.
If for any reason the primary SMA fails, you will bring the secondary SMA to an active state, and you will need to change of the secondary SMA to take over the primary in this instance to ensure that there is no change in IP. (this is for the active-standby concern)
With addition for capacity, if this is to be enabled, then the users will get two individual notifications from each SMA and will need to log into each to manage, and there would be two seperate SLBL databases from my knowledge.
regards,
Matthew