OSs are Server 2012 R2 and Hyper-V Server 2012 R2. Both those are set to Dynamic LACP and the switch is set to LACP for the LAG.
Haven't had any time to do any troubleshooting yet as other stuff has been higher priority, and whilst it's dropping packets, it's not actually breaking anything.
Having said that, just had to head in as I couldn't get on. The main switch decided to flunk out. And as everything runs through it I didn't get any notifications. So there's another reminder that 1) there's no out of band management - everything is on the same network and subnet etc. and 2) there's no redundancy on the main switch.
Fortunately it just needed a restart.