Just came across this: 
https://www.ibm.com/developerworks/community/blogs/invisiblethread/entry/Give_your_COBOL_applications_A_BOost_with_the_flip_of_a_switch?lang=en

New is that it is complimentary with V5 and V6, with an "out of the box setup", 
which can help scheduling migrations whilst still obtaining benefit from the 
"new" hardware instructions and optimisation techniques.

Claims an average 15% improvement over existing compiled programs. Mileage will 
vary, but 15% is not bad.

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