I think it will work fine if you stop and push play again. I don't think (will make this test as soon as possible) Midi would handle something like a tempo automation curve, on the project, and having to go through the Midi notes written before that. I think it just goes nutz (not 100% sure).
And you're right, the tempo is handled first hand in your DAW. But a good clock can handle this messages much better then a simple Midi interface, most specially if you happen to have a complex hardware setup with lots of instruments running (or trying to run) in sync.
But to be honest I'm really no expert on this matters, it's just based on first-hand experience. I just settled with what worked for me, and I did find the sound card handled midi better.
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