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"at 55% of miners, there are still a large chunk of miners who will be mining non-BIP-110 blocks"
This is a very dubious claim. Why would any miner waste money like this?
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Remember, all miners have 2 weeks to upgrade once lock-in occurs, before their blocks will start being orphaned by the network.
Isn't it the case that waiting to activate until you see 95% of miners signalling reduces the likelihood of lengthy reorgs?
at 55% of miners, there are still a large chunk of miners who will be mining non-BIP-110 blocks. the 55% will have to reorg out these blocks every time they occur. This seems like it would be a pretty messy process and could go on for quite some time.
I would expect such a situation to result in very few people making any transactions at all, because confirmation becomes highly unreliable.