by "failure ratio" i figure you mean that the loads exceed the building strength, as defined by your codes, by 20%. the question should be how safe is the building ? the codes consider extreme events, but then nothing particularly extreme has happened to initiate the cracks ?
"typical" is another word that looks funny to me ... do you mean that pretty well all the beams have these cracks, or that most buildings have them (somehow i don't think so)?
are the cracks in the flanges, growing towards the free edge; or in the web ?
maybe you could calculate the intact stresses in the beam (i think you've done this) and then calculate the loss of strength due to the cracks.
is the critical loading plain bending due to the loads, or is there a vibration component ?
if the a/c units are the problem, could they be moved to the ground ? or maybe have some supporting structure (external) to help your beams ?
measuring the crack growth is something, but like corus i don't see wht the crack would "die"; maybe if it is growing towards the edge you might gain some time before it reinitiates on the opposite (web side) of the hole (i'm assuming the cracks started at a hole, and not the free edge of the flange). if the crack is growing into the web, don't think it'll slow down due to the bending stresses in the beam, it'll speed up 'cause all that moment is being pushed into a less effective section (assuming the crack growth is being driven by bending).
i think the building has bigger problems than down time (to implement a repair). as they say, "if you want to find to price of safety, try an accident".
a thought, if you tried to rework the beams, the work could be contained in small sections, and the work space could be kept at a small -ve pressure, vented to the outside.