This delay includes the power on timing (approx 720uS) and the timing for the ePHY to stabilize after the enable is set. On both the NE64 and m52235 the power on timing is most likely satisfied by the osc startup timing. The enable timing is most likely satisfied by "other" init code.
I removed this delay completely from the m52235 software without ill effect.
Was most likly added for some test drivers in asm, that really pounded the ePHY. Practical C software may not need this.
I will determine tSTARUP and have manual adjusted.