The Custom Encryption Key option (in the Web-IF -> Advanced menu) does say "NB: For fastest direct decryption, set the second half of the key to the same as the first half." This is the only forum thread I can find that mentions it verbatim, and it could be misleading because it might not be needed.
So if anyone finds this post by looking for that text (as I did...) to see what it means, note the fact it says "direct decryption". This means software (using 'stripts' on or off the box). On the box, I measured that using a queued "Decryption (direct, slower)" Web-IF option will be about 2.5 times faster, if the key is set as mentioned.
It's unlikely you will need this "direct" method on the HDR box because it can use hardware to do the decrypting (via several methods, e.g. Web-IF on the box, or DLNA streaming/saving files [use auto-unprotect if they are HD]), and those methods are several (maybe ~7) times faster.
In summary - changing the key such that the "second half of the key to the same as the first half" applies does not help when moving hard drives between boxes. Doesn't do any harm though, unless you still have encrypted files on the HD from the other box, in which case you'll need to use the key from other other box obviously.
If you want to set auto-decrypt on a whole HD, it might take a while (mine runs at 6.5MByte/s, so 150 secs/GB or 42 hours per 1TB disk)