I think it checks the base value in ROM against the PRAM info, don't know when it does it in the boot sequence. It very likely does the comparison before the extensions load and then displays the box for input after the the Mac is setup for peripherals I/O, but it could be after.
Dunno, you said you needed a quick answer, so I took stab at it. ;D
Dunno, you said you needed a quick answer, so I took stab at it. ;D