Theoretically, a teaspoon or so is the case. In practicality, a LOT of water will run out. A little more information. This is an existing line with some age on it. There is about 2000 ft between inline gate valves. the blowoff is at the low spot it the line, near where it crosses a creek before it crosses under a RR. It is 17 ft deep in mucky soil with ground water. I don't want to dig it up again. The line section can be isolated by the inlines, but it is a transmission main. There is still line pressure on it. When you bleed pressure off a line, the bleed valve is opened slowly, due to the practical nature of opening the valve plus the maintenance issues of sudden pressure changes on a line.
BTW, metal to metal are disc valves and they leak a little but they are OK for this application, aside from the leakage, which makes it bad as a valve. the gate valve in question is a resilient wedge valve.
From what I've seen here, a plug valve will be my choice on the next installation and when we repair the current RW valve. The additional cost is not an issue as this application is not common in our system. The repair will be a nightmare, but the new plug valve should prevent that from reoccurring.
Thanks to everyone for the advice and help. It has been most useful.