Now that we have two loadouts, it'd be cool to get a module that swaps them out mid battle. Kind of like a different version of module reboot.
Different modules on the two loadouts do not share cooldown. Modules that are the same share cooldowns.
So for example you could do goliath torpedo - scrambler pulse - loadout switch - drain pulse
If you have a different aux module in the other loadout, then you can't switch back. You'll have to wait till respawn. If you do have it, then it would be on a long cooldown.