Carl, please take some time to read the
documentationwithout the "spares=0" flag at boot time, with 4 hd you have a raid5 array with 1 spare.. so you are using 3 hds, then 300x(3-1) Gb.. et voilĂ , yours 550Gb available

mdadm that comes with SME7 doesn't support the (AFAIK) --grow parameter
with SME8b6 a simple
mdadm --grow /dev/md2 --raid-devices=4
would do the trick, promoting the spare disk to active
at boot time, press F2 to check the available flags