John, The simple view is that with DASD, the bigger the block as a multiple of 
the track size, the more data you can store on a track.

It almost like an IBG on the older tapes. 

Best allocation or space calc is to use 1/2 track if possible, for QSAM, and 
PDSs. For PDSEs using 32760 is fine because I believe they like linear VSAM 
files with 4K blocks. 

Remember for DASD, the maximum block size ( physical record ) is 32760. But 
this means on a 3390 you waste about 24K per track. Where as, using something 
near 27998 or less, you will get 2 blocks per track with about 1% overhead.

It looks like PDSEs have about 13% overhead per track assuming a 4K (PAGE) 
track record size ... BUT no compression needs.. 

For the most part, let the OS handle the allocation by using BLKSIZE=0 where 
you can. It will calc the optimized track record size ( blksize ) for the 
specific device, including tapes.

Do not expect 100% track utilization with MVS/VSE/VM ...

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