Well for starters (unless things have changed recently) LVM doesn't support write barriers, so if you put LVM in the loop it probably doesn't matter if the drive reports write completion correctly or not. If you use XFS on top of LVM you get a big warning about this at mount time.
I don't use EXT3 much, but from a quick googling it sounds like you have to explicitly turn on barrier support in fstab and it still won't warn you about the LVM issue until it actually tries to use one.