This doc ( http://media.netapp.com/documents/tr-3671.pdf ) for SRM 4 has my answer...
>> By default the NetApp adapter recovers FlexVol volumes to the last replication point transferred by NetApp
SnapMirror. The 1.4.3 release of the NetApp SRM adapter provides the capability to recover NetApp
volume snapshots created by NetApp SnapManager for Virtual Infrastructure. This feature is not available in
NetApp FAS/V-Series Storage Replication Adapter 2.0 for SRM 5.
Regards