I hate to quibble, but what you have is two devices mounted to the SAME mountpoint---it is interesting to note that this is perfectly legal (but probably not what you want...

) If I am not mistaken, what you will see when accessing /sybaselog depends on the order in which the devices were mounted.
Regardless. your asssumption is (almost)correct. unmount BOTH devices from sybaselog, then create a new mountpoint (or select an existing) for one of them, finally, remount as needed