When I was getting the OWB with side arm on the water heater up and running this fall (fresh install) I was circulating the water through it before a fire was going, to check for leeks, during this time the water heater was still being heated with propane. I noticed that within probably 5 mintues of turning on the OWB circulating pump the propane would turn on for the water heater. It was probably working the opposite way as its designed, it sucked the heat out of water in the water heater. The dealer for the OWB said to let the circulating pump run all summer long, there won't be a fire going in the summer, so if i do this it will suck all the heat out of the water heater. Should a bypass loop before the side arm with valves be installed so it won't circulate through the side arm, or will shut offs on the domestic side of the side arm stop the thermo siphon action? I'd guess the second way there would still be heat loss through the steel of the valves though.
I know summer is a long way off, but I believe the water heater sprung a leek, if i was going to add shut off valves now would be the time to do it.