If you cannot switch to them while reloading? Yes, if you're reloading a gun, and then try to switch to your side-arm, you go all super reload-speed on the primary weapon, and
THEN switch to your pistol. Now mind you, it takes around a second and a half of super-reload speed on the primary weapon, then you switch to your pistol, another second. (1.5 + 1 = 2.5)
So, what's the point? I could just let my primary gun reload, as that's much faster. (Scar of course. If you're using the LMG, you're screwed either way, as you would have to super-fast reload the LMG and then switch to the pistol)