As always, the answer is "it depends."
There are three stages to the relief as it affects stress.
1) "Pop" forces. The seal is broken and the the disc is lifted, compressing the "spring." If you have a modulated valve, this is 100% negligible as it is slow-opening. If you have a pop-action valve, this is generally negligible compared to below forces. For pop-action to pose a significant threat, I think you'd have to have a large diameter yet low pressure system to find the sweet spot of "large mass" and "weak pipe."
2) A pressure wave develops down the line. For short, open systems (a la API 520 and your diagram), this is generally negligible. For closed systems, this is your primary source of forces and failures. For long, open systems (i.e. quasi-open or semi-closed), it's a combination of both.
3) Steady state conditions would have a jet force out the end of the pipe for short, open systems akin to API 520 calcs. For closed systems, you only have to consider momentum exchanges between fluids and bends, and this is normally negligible. For quasi-open/semi-closed, you have the jet force, but consider your pressure losses and expansion along the line, which can either help or hurt you. If your velocities go too high, you'll run into vibration problems.