There is a fix pack being released with LVM support, so you could wait on that.
I have found that you can pretty much do all the *nix stuff on the file systems. You could mount the new volume to /store1 or something, replicate the data and change the mount points to use the new mount. However, doing this stuff on your own is not strictly supported by IBM. They will help, but you are on your own. So waiting on the LVM support may be best.