Quorum Disk Reassignment on Windows 2003 2-Node Cluster

Quick question regarding verification of concept for reassigning the quorum disk on a Windows 2003 2-Node cluster running Exchange 2003:

Windows Server 2003 R2, Microsoft Exchange 2003

We are looking to move the quorum disk onto a different logical drive assigned on our shared storage. Currently the quorum sits as a partition on a logical drive which we need to reallocate the drive space from. The proposed plan is to create a new logical drive (500mb per MS KB) solely for the quorum disk, then reassign the quorum disk in cluster administrator on both nodes.

In cluster administrator, re-assigning the quorum disk seems straighforward based on Microsoft documentation. Questions are:

What order should the quorum disk be re-assigned on the nodes? Passive first / active first?

When the quorum disk is re-assigned to the new drive - does the quorum get rebuilt automatically or does the data need to be migrated from the old drive?

When changing the quorum resource in cluster administrator, what complications if any would occur when making the change on the second node if the first node has already re-written the quorum data to the drive?