I am having the exact same problem. Did you find a solution in the end?
I did find out that if you enable telnet to the switch, you can then go into the cli and input _cmdline-mode which will take you into a mode with extra commands availabel in the cli. The password to enable this command is 512900, however I then tried to lower the arp time aging value from 20 minutes to 1 minute but my switches still have 256 addresses in the arp table and I get error messages saying arp table full.
Did you have another fix or maybe just upgrade to a different switch that has a larger arp table capacity. I have a support ticket open with HP but still waiting for advice on which switches have larger arp tables! :(