Turning off FSC (File System Caching) will free up memory to the OS, plus stop the "double buffering" that is happening. It should improve performance since the OS CPU cycles that were being used for the OS to do caching are no longer need, and it will free up RAM that DB2 will then be able to use. Moving the LOB data to a separate TS that still utilizes FSC will only be helpful if you access the LOB data very frequently--where it will be in the OS cache.
I do not speak for IBM, but I am fairly certain that since LONG VARCHAR is supposed to be replaced by VARCHAR, that DB2 will continue to put the VARCHAR data into the bufferpools.
Andy