It will tell you there is insufficent space and stop. You'll have to recalculate and it will not add any space. Worst case, you'll just consume too much space.
Note the "PP SIZE" parameter in your lsvg output. This is the amount of space that will be added at a minimum, and any additional space will be a multiple of that. So if you do this:
chfs -a size=+1 /tinyfs
and your PP size is 16MB, you will actually increase the fs by 16MB. The LVM will round up your numbers for you, as long as you have enough space. For this reason (and others) I find it easier to calculate in PP rather than 512-byte blocks, although you will have to eventually convert to 512-byte for command-entry. IBM Certified -- AIX 4.3 Obfuscation