For me it depends if you will get the faulty hardware up before the leases all drop off (the scope of that server)
As a client will hold the DHCP ip for the lease time (checking twice unicast to the assigning DHCP server, assuming no reply it will hold off till the final 100% completion of the lease. At this point it would request a lease broadcast and get the 20% DHCP server scope which should be fine,
I can see your point but if your 24/7 you would hopefully be looking at 4 hour min response on server failure so you should be fine in an 80/20 rule, Your exclusions being switched on and off in event of failure will allow you more flexibility in recovery time but I feel it will cause you headaches when you switch back to normal 80/20 service even with collision detection.