-Trace diffuse and glossy together on/off? I couldn´t make out any difference in render time or visual appearance, at least on my simple test scene (the usual sphere on a plane)
Judging by the Vray manual it´s some sort of optimization, but I can´t make out any differences in render time. What I´m more interested in is an answer to the question wether this sertting can generally be left enabled under all circumstances (raising the question why this option is still there) or if there are certain cases where this is prohibitive.