Hi Guys,
Thought I would update the thread with the resolution.
Updated to the latest firmware 5.3.153 and our Spectralink phones aren't dropping calls anymore!
One of the bug fixes included in the release:
38428 - Issues that caused Polycom phones to abruptly terminate SIP calls and poor voice quality has been fixed
While I'm happy with the result it would have been nice to know that this was already a reported issue being worked on. After tearing my hair out for months I can finally sleep a little easier.