The Parity Swap procedure is specifically designed for the case where a data drive has failed and you want to put in a bigger parity drive and reuse the old parity drive to replace the failed one as a single procedure. It work in two phases
the contents of the old parity disk are copied to what will become the new parity disk. During this phase the array is offline as there must be no changes to parity during this stage.
when that completes the new parity disk is now used to rebuild the failed data drive onto the old parity drive. The array is online during this phase albeit with reduced performance due to disk contention.
just thought I should check - are you actually sure the old array drives failed? It is more common for drives to be disabled by Unraid (because a write failed) due to other factors such as cabling, power, etc than actual failures of a physical drive. You never posted your system’s diagnostics zip file so we could check the SMART information for the drives.