Furthermore, the folding behavior can be adjusted. From the second link that I posted:
In addition to the reduction of VPs, you can consider setting the schedo tunable
“vpm_throughput_mode” to a value of 2. By default, running in raw throughput
mode (i.e. vpm_throughput_mode=0) AIX spreads all available work across as
many VPs as available, dispatching work first to the primary SMT thread of each
VP, then the secondary SMT threads, and so on, thus providing the best
performance in most workloads. This configuration, however, can lead to a
higher PC (processor capacity) utilized by the LPAR. Depending the workload,
you can reduce the PC by setting the vpm_throughput_mode tunable to 2, thus
having AIX to schedule work to the primary and secondary threads equally.