PHSS_31113 is already available for A.43.00 (HWE0312), and PHSS_31114 for A.45.00 (HWE0406) of OnlineDiags which have the fix for 8606344112. (From what you say, you will need PHSS_31114.)
This won't stop there being a zombie process, but does fix a bug where there were sometimes several of them, and also cleans more frequently.
ia64_corehw runs on IPF systems, and on HP-PA systems with HP-UX 11.11 and OnlineDiags HWE0312/A.43.00 and later.
On IPF, the monitor reports various events from the SEL.
On cellular IPF and HP-PA systems with IPMI, these events are reported to the FPL, not SEL, so are monitored by fpl_em.
On HP-PA systems, the monitor receives PCI error data, and makes it available to the FPL monitor for further processing. This is the main function of ia64_corehw on PA systems.