All I found in the help was this ( and this was after I posted this query here on the forum. :
Edit your templates to with the following syntax to ensure that dynamic features remain so:
https://screencast.com/t/xJ7I71nl
The only think I am unsure of is if this breaks down gracefully if W3 cache is for some reason disabled.
Example 1:
<!– mfunc any PHP code –><!– /mfunc –>
Example 2:
<!– mfunc –>any PHP code<!– /mfunc –>
Example 3:
<!–MFUNC –>
echo rand();
<!–/mfunc –>
Example 4:
<!– mclude path/to/file.php –><!– /mclude –>
Example 5:
<!– mclude –>path/to/file.php<!– /mclude –>