Not easily - if poss. clear out anything unused from /opt
Best way to re-org the root disk is to make a make_recovery tape, and then recover the system onto itself, but specify a new layout for the root disk. I am presuming you have HP-UX 11.00 or 11i.
root filesystems should not (good practice) be above 75% max (unless they are static perhaps). My company standard for vg00 is nothing above 50% for a new sys., unless static, or v. large when a specified amount must remain free. This allows for system growth and saves us a lot of work as root filesystems don't keep running out of space.
Martin