LTC on Failover

If i'm running a show to SMPTE with LTC widget on a Hog 3 connected to a DMX-8000, and have a computer on the same network running Hog 3 PC with the same net number and an LTC widget as well. Then am I correct in assuming that if the main console crashes then the Hog 3 PC should continue running the show to SMPTE without any interruptions? Will there be any kind of conflict using two LTC widgets at the same time? Is it possible to use one LTC widget on the Hog 3 PC and have the Hog 3 connect to the widget over the network?

Thanks,

Ryan
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