Depending on the values of x and y there can be or can be not noticeable change in pH. However, you will not get fast change of pH as in titration, as you will not get pH above 7.
You won't get speed estimate, as it depends on many factors - the most important ones being metal surface and the way solution is mixed. I think it will be up to several minutes if you put a thin Mg ribbon in 1M ...



