I have read that having 'active' set shouldn't be a problem, and I now see that the HP 'static' LACP is something proprietary to HP, so thanks for pointing that out! It looks like on the HP side, that by specifying the 'trunk' as dynamic, that is what sets it as LACP. I guess if I was connecting (2) HP's, then choosing 'static' would be the way to go.
It would be interesting to see if there is any performance gain/loss in going with a proprietary method, versus a standards method of essentially doing the same thing It kind of makes you wonder why everyone doesn't always use the standards based method, as that is always going to be more compatible.