STEVE76:
I would have to agree with Nick. This condition would not lead to a catostrophic failure, although the load to #1 Eng would be decreased, keep in mind there would still be a restricting load (T/R).
Another point to be consider is that this type of failure, as far as I know, has never occurred and is a precautionary carry over from the S61 days when a TTO (Tail Take-Off) failure was a real possibility.
In fact most companies have eliminated the emergency procedure from their SOP's.
Cheers,
OffshoreIgor