I had my Smart Meters replaced two weeks ago, I had hoped to do what you suggest and treat it like a power cut but turns out my installer hadn't tightened the terminal in the block connecting the cable going to the consumer unit enough and it disconnected, cutting power to the house. So I thought best and safest to then throw the breaker in the gateway to ensure safe isolation and had no power for 45mins.
Additionally, Octopus need all 48 daily readings of the 30min slots to be eligible for IOG, miss some (which is going to happen during the cutover) and then they charge you the price cap for the day as per their T&C's apparently. I also "lost" the previous days usage so they tried to bill me for that too at the highest rate.
I raised it with Octopus and got a goodwill gesture but don't bank on and instead work on the basis that the day of (and likely day before) will be at non-IOG prices and limit your grid import.
Lastly, it turns out the gas meter doesn't have any backup/manual usage recording so they had to do a guestimate billing for the last 3 months it wasn't working, fortunately I think it just about worked out in my favour!