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My oppinion is that the bearers of the Three did not realy take any great risc. Celebrimbor and his companions had have time enough to remove the rings when Sauron made the One. I think that dominating a strong charachter like Elrond, Galadriel and Gandalf through the rings was not a matter of one moment. For the Nazgűl it had taken long years and they had been of the realtively week mankind. For the dwarves Sauron failed completly due to their very special nature. In the case of Celebrimbor and the Gwaith-i-Mírdain Sauron failled beacuse they used the time they had to remove their rings and were strong enough to resist the urge to use them again.
That means in the moment that Sauron would gain the one Ring, the bearers could take their Rings of and be save for the moment personaly. But As was explained Sauron would see all that they had done with the Rings in the long time in which they used it. It would also made clear to him who the bearers were and where the rings were. I do not think that Sauron could undue all the works done with the lesser rings but he could turn the use of the rings on a moral plain against the bearers to weaken their position and he would make the bearer the formost target of his miltary strategy with much more success since the protection from the Rings would be removed.
Respectfully
Findegil
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