I did rather recently go through all of my floppies (all ~300 of them), and some of them are over 15 years old. Of course some old OFS-formated floppies had data on them that were hurt (and how often didn't I come across 'disk is not validated', but then again, using OFS screws up the data like there is no tomorrow).
Anyhow, most of floppies were in perfectly good condition, as were the data on them. The ones that didn't work properly I formated, again and again, until they seemed fine (didn't give strange noises when read and/or stalling the application used when formating them). This is probably a big NO NO according to many people, but I've been using this method since I don't know how long, and I can't say that I've had to throw away many floppies in my life.
I would say that about 1/3 of the floppies I've decicated for use with my Amiga, up until now, have been HD floppies and they haven't been more or less realiable than the DD ones. I've heard it been said over and over again that HD floppies should be avoided if it is possible, but as far as my own experience goes it haven't mattered the slighest.
So... yes, it might be that theoretically HD floppies shouldn't be used with DD drives, I am NOT going to question that since I don't know the specifics of that very matter, but then again, personally I do not think you will have much problems with using them.
Oh, and I have to add... the two "THE FLOPPIES" (which I will call them at the moment, they don't really have a name) which I've been using to transfer data back and forth between the Amiga/PC/Mac (I wouldn't be surprised if they have been transfering closer to 1GB of data each) are still going strong (now we are talking about short term storage, yes, but with one of them being a HD floppy, and the other one a DD floppy, both being used on my DD drive in my A1200, I haven't noticed any difference between them)