Kevin:
If you want high-availability where one of your serves serves as a failover for the other, then MC/ServiceGuard software is what you want.
Various configurations are possible. An active/standby configuration is one in which a standby server is configured to take over after the failure of another. In this configuration the backup node may be idle or it may be running a less important function. An active/active configuration is one in which several nodes run critical apps while some serve as backups for others while still running their own applications.
Your hardware requirements depend on the particular configuration you wish to establish. At the risk of greatly oversimplfing, at a minimum your hardware requirements involve the addition of a "lock disk" and an RS232 "heartbeat" for the nodes to determine "aliveness" should the LAN fail.
An excellent starting point for understanding high-availability is an HP professional book "Clusters for High Availability: A Primer of HP-UX Solutions" by Peter S. Weygant (ISBN 0-13-494758-4).
If you are serious about MC/ServiceGuard, be sure to take HP's course on it before you start. Setting up a successful MC/ServiceGuard environment is not trivial and requires a good knowledge of hardware and software.
You can also read the manual at:
http://docs.hp.com/hpux/onlinedocs/B3936-90026/B3936-90026.html This, along with the book I cited above, will certainly start you on your way.
...JRF...