No, I think "service network reload" will call ifdown / ifup. You can try it yourself. Also, you can read the service script. It depends on the particular service script and the binary that is called. The reload option for some services might be included for completeness but it may be restart that is called.
Here is an example from SuSE:
Code:
reload)
# NetworkManager does not support reload (2005.01.15).
# If configuration and running system do not match exec restart.
# Fall through if NetControl is confiured and NM not active.
if [ "$NETWORKMANAGER" == yes ] ; then
if netcontrol_running; then
mesg "Changing Network Control System. Calling $0 restart"
exec $0 restart $CONFIG $INTERFACE ${OPTIONS:+-o $OPTIONS}
else
# NetworkManager doesn't support signaling --> restarting
exec $0 restart $CONFIG $INTERFACE ${OPTIONS:+-o $OPTIONS}
fi
else
if nm_running; then
mesg "Changing Network Control System. Calling $0 restart"
shift
exec $0 restart $*
fi
fi
;;