Not a direct answer to this question, but I've ended up switching to JES http://www.ericdaugherty.com/java/mailserver/ . You can configure how many SMTP and POP3 threads do the work as well as the frequency at which these threads pick up messages from the spool and try to send deliver them
# The server stores incoming SMTP messages on disk before attempting to deliver them. This
# setting determines how often (in seconds) the server checks the disk for new messages to deliver. The
# smaller the number, the faster message will be processed. However, a smaller number will cause
# the server to use more of your system's resources.
smtpdelivery.interval=5
This meets my needs.