Does “alter table … set data type” functionally differ from “alter table … type”?

The docs show [SET DATA] TYPE which implies the SET DATA part is optional, but the 9.1 release notes also imply that SET DATA TYPE may be different:

Allow ALTER TABLE ... SET DATA TYPE to avoid table rewrites in appropriate cases

I’m trying to update a column on a billion-row table from int to bigint and I’m at the four-hour mark. I’m curious if I should cancel the transaction and restart it using the SET DATA TYPE form instead of the plain TYPE form that I used.

Does SET DATA TYPE do something different (and hopefully faster)?

Keywords in square brackets in the synopsis of SQL commands in the manual are optional. And in this case just noise. Add them or leave them, no functional difference. (The verbose form SET DATA TYPE conforms to standard SQL.)

bigint occupies 8 bytes, integer occupies 4 bytes. A table rewrite is inevitable. The manual:

As an exception, when changing the type of an existing column, if the
USING clause does not change the column contents and the old type is
either binary coercible to the new type or an unconstrained domain
over the new type, a table rewrite is not needed; but any indexes on
the affected columns must still be rebuilt.

Bold emphasis mine. Those are the “appropriate cases” that don’t trigger a table rewrite since Postgres 9.1.