After about a week, I'm going to call it a success. Seems more stable... though that could be the 5.0.8-5.0.10 upgrade, too.
Biggest vulnerability is that Zimbra doesn't appear to ship anything to monitor the convertd-httpd, which listens on port 7047 and logs to /opt/zimbra/log/convertd.log.`date +%Y-%m-%d`
Periodically running /opt/zimbra/bin/zmconvertctl (status|stop|start) is one approach. Eventual RFE:
Bug 28047 – Need for a convertd-mon process