Hello @Andrew Marshe ,
There is no specific "best practice" as it is very straight forward:
1- Set up an add the new member to the DHCP Failover pool
2- Disconnect the Failover member to be decommissioned. Test assignment, routing, and leave at least a 2 week period for eventual issue detection.
3- After the time that is confirmed to work successful, you can proceed to remove the relationship and decommission the server.
Complete guide of DHCP Failover: https://learn.microsoft.com/en-us/previous-versions/windows/it-pro/windows-server-2012-r2-and-2012/hh831385(v=ws.11)
Guide for Failover relationship removal: https://learn.microsoft.com/en-us/previous-versions/windows/it-pro/windows-server-2012-r2-and-2012/dn338986(v=ws.11)
Hope this helps with your question,
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