I think that a much more basic step comes first: define your problem. I assume that this problem is urgent because you are experiencing poor performance. Is that right? If so, you need to collect statistics to narrow down what is causing the problem. This can be done using Statspack, or the older utlbstat/utlestat utilities. Try to collect statistics at different periods - some when performance is good and some when things are slow. Hopefully this will allow you to narrow down which factors are causing degraded performance. Then you will know where to start your tuning efforts.
Even though your post is titled "i/o tuning", it's far from obvious at this point that excessive i/o is causing your problem. In my experience problems with the shared pool, such as latch waits, are just as likely to cause problems as i/o.
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