I would be in favor of waiting until HBD gets below 1.05 to trigger the conversions, to avoid a mad rush of conversions (which seems bad for various reasons). However, there is a clear tradeoff with complicating the release and forking process. If the price is pretty close, even if if a bit above 1.05, it probably makes sense to just let it go. If HBD runs back up to $2 or something, then I'd be in favor of letting the stabilizer continue to grind it down for as long as it takes, and continue to contribute the trading profit to DHF.
RE: 11th update of 2021 on BlockTrades work on Hive software