I have the same tray icon but I never noticed it saying failures of any kind. Then again I don't really look at it so much -- and running from the command line tends to make it not show up...
For the future, I figure if you exclude the folder then include it it will probably resync the same as unlinking then relinking, but on a smaller level. I haven't tested it though. It would take much less time than a full re-index?
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