Thanks for the responses folks.  Long story short - I came across another old server that they were planning on tossing that had 4 73 gig (U320 15k's -- 

 ) so I used those instead of the smaller 36'ers.  I configured the array to use all 4 w/no spare and just presented that to sme and let it do its thing.
73x4 = 292
This is what I wound up with:
[root@bigbubba ~]# df -h
Filesystem            Size  Used Avail Use% Mounted on
/dev/mapper/main-root
                      198G  9.3G  179G   5% /
/dev/md1               99M   24M   71M  26% /boot
none                 1014M     0 1014M   0% /dev/shm
So . . . I'm not sure what it (sme) decided to use on its own.  Appears to be raid 5'ish, but the numbers don't quite jive - 292-73=219 but I actually wound up with a 198g partition as shown above.
Whatever - the thing is WAY better than the previous machine that I was running off of 
and I have lots more storage available that I did too.  ( my old "server" was an old circa 2001 pc w/a single 30 gig ide drive and 256m ram . . . 

  )  That old thing ran quite well for quite a few years though...  
