Tim,
Overall, you can really use either switch architecture. It's true that many manufacturers don't publish as much detail about dVS best practices, although I know of at least one that does. The important part is to match the best practice in the dVS. If the uplinks need to be active, unused you need to match that, MTU, Delayed Ack, etc...
In my opinion, if you have the license to use it, a dVS is superior in features and more importantly enforces the configuration to be the same on every host. This is particularly important in iSCSI. It's relatively easy to enforce configuration with a small amount of hosts, but once you start getting above three hosts or so, it becomes exponentially harder to ensure sameness.
To return to your question, your vendor's best practices are going to come into play for how you setup a dVS. Generally, I've setup a single dVS, with two port groups, two vmkernels, and Active/Unused and port binding. This is a vendor best practice though. I'm guessing that if you reach out to your vendor, they'll be able to help you interpret their standard switch best practice into the dVS equivalent.
Best of Luck,
David