I typically use static LACP. With static I setup a group of ports and create a single "trunk". This provides more bandwidth and more redundancy. This configuration in basically done statically on both my switch and my server. I have never tried dynamic LACP but you can enable this on switches and then devices like servers also support this feature the trunk are auto created as you plug ports into the switch.
Here is a document from hp on LACP since its ieee it pretty much applies to anything (other than the actual syntax to setup).
cdn.procurve.com/training/Manuals/2900-M...n08-11-PortTrunk.pdf
I use this on pretty much every server I have. The only time I do not use it is if i'm doing iScsi, because it is not supported and you should use MPIO instead.
