One PE is the smallest unit of disk space you can allocate. If you set PE size to 256 MB and your client requests e.g. a LV of 1.33 GB, you cannot do it exactly:
5 x 256 MB = 1.25 GB, too small
6 x 256 MB = 1.5 GB, a bit too big... but usually that is not a problem.
Smaller PE size allows more precise disk allocation. Larger PE size allows larger PV sizes, leading to larger VG maximum size.
At the VG creation time, you define PE size, Max PE per PV and Max PV parameters for the VG. These will set a hard limit to the maximum size of your VG.
With older versions of HP-UX, the only supported way to change these parameters was to destroy and re-create the VG.
Newer HP-UX releases contain a "vgmodify" command which may allow you to modify some of these values without destroying the VG. (It has certain limitations: read the man page before using it.)
For example: if you're setting up a data VG that will be contained in an external storage box of 8 SCSI disks, find out the size of the largest-capacity disk you can use in the box.
Choose the PE size so that
(size of largest disk) / (PE size)
is less than the absolute maximum number of PE per PV = 65535 extents.
MK
MK