I also am looking for a solution to the global question of how to connect GroupWise and Exchange with maximum compatability and minimum issues.
I have experience with both the Connector, as well as the Novell Gateway for Exchange.
While the Connector is the most documented and supported configuration, my experience is that it does not support HTML. If the connector could be configured around this problem then I would love to hear about it.
The best trick I have seen so far is that when you migrate a user, instead of deleting their GW account, set up a forwarding rule that forwards all new mail to a new temporary smtp domain on the Exchange server (example: @migrate.local). Make sure that you have enabled Flat Forwarding on GroupWise and your users will recieve mail that came in to their GW accounts without even knowing that it has been forwarded. This allows you to leave your SMTP gateway on the GW system and still receive all mail for users on both sides.
The Gateway on the other hand has no such problem, however there are numerous other issues with it. Here is my list (so far).
1) - Does not create AD users, only contacts. It will email (contact) enable an AD user if it exists in the import container, but unlike the Connector, will not email enable an existing AD account that already exists in AD. The installation documentation is incorrect in the details of the exact steps to configure the connector (says "does not matter what you type for a gateway directory, this is not used"), but you figure that out fairly soon.
2) - Is extremely unstable. It will crash with an unexplained application error if it encouters content in an email that it does not like. We have found that we need to run some sort of application monitor and to alert the staff if it crashes. Typically we need to delete the top email in the MTS-OUT queue and then it starts working again. We also find that we need to delete the wpcorr.db file in the gateway directory from time to time. Otherwise it seems to get too big and then takes too long to load.
3) - Interim updates from Novell are not posted on the downloads section of their support site. You have to open a tech support call to get access to the latest build. The latest build at this moment is dated July 22-2008.