New York Creative -
buying a large drive and partitioning it and using one the the partitions for scratch or two separate drives.
If you backup your files, do a Erase w/Zero and fresh install Tiger, iLife '06 and Software Update.
Then pump up your 64 Bit PowerMac G5 with RAM, 4 GB or more.
Then if you have Photoshop CS2 installed.
You will not need a "scratch disk" and your performance will be better than if you had one. The 2 GB RAM limit is over run, you'll use RAM instead of your boot drive/scratch disk for swaps.
Partitioning a drive is the worse performance mistake one can make. All you are doing is separating space a drive, your still using the same hardware and interface. One will have to wait for the other partition to finish before proceeding.
Use a 74GB Raptor as a boot and everything drive except your space hogging files, put these in new folders on the second internal drive. Keep the boot drive below 50% for best performance.
You can use a 150GB Raptor (and certain other WD drives), but you'll have to install a SATA PCI card which is a extra cost. Apple's SATA interface is not up to date, the drives may work for a time, but it's Russian Roulette.
The G5's are monsters, I can only guess that the industry moved a bit faster than Apple expected concerning SATA, or there's a little premature planned obsolence at work.
Always Erase w/Zero option all new drives just once for bad sector remapping. Has helped "cure" my Raptor Mac OS X issues.
Best regards