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Holy Water "ticks"
Technically, it would be possible to check this without any...coughfilecoughadjustmentscough in the c:\nexo*\mabi* area.
Since it's possible to stop durability loss by unequipping the item during the ticks, someone with a lot of free time could confirm or correct the tick rate through trial&error.
And end up waiting forever if it turned out that it didn't change the rate of decay. You'd be unequipping it every tick and no dura would be lost.. and you'd be testing forever. Considering how long it takes for 1 dura loss through ticks in the first place, you wouldn't know if you weren't losing dura or it just lost very, very, very little.