I'm not sure whether it was enhanced in r11.5 or not, but the behaviour you describe is how I have seen it work in previous versions.
Because a FSD/Hard disk is treated pretty much the same as a tape media in a drive, the only way that ARCserve can span to another media is if that media was ejected from the drive and a new blank one inserted. Not that it would work in practice like that either, but that's just the concept behind how it used to work in previous versions.
The general thinking behind the automated disk staging in r11.5 is that you would dedicate quite significant amounts of disk space for staging, and there is also the option to setup automatic migration to tape once the staging groups hits a configurable target (say 80% full for example), so that the staging area shouldn't run out of disk space in the first place.
Now, if you were thinking of using a bunch of 9Gb disks you had lying about the storeroom doing nothing for example and hoping to use them like individual media (IE not RAIDed or anything), then that isn't really what disk staging is about, or how it is intended to work.
Hope this gives you a clearer idea of what you can and cannot get out of disk staging.