Hi,
I used to have a similar problem on my rh7.3 boxes, and yes they were also HP boxes .... dont remember the model number though
.....
look into the output of /var/log/messages immediately after a hang and a hard reboot..... u might get some indication of a error in the code..... dont remember the exact error.
Solution: Recompile the kernel to something more recent. In my case a recompile to 2.4.21 and 2.4.23 solved the problem and this box gave an uptime of > 365 days . had to be brought down as we wanted more RAM on the box....
-Subhasis
Note: LSF will still work after the recompile...... just to be sure, check the platform website for the latest kernel supported.