Well after reading this thread I did some testing on page files, my testing method was to load lots of apps, then the killer was loading PhotoShop and loading 10GB of jpegs into it. Then I would watch the page file rise to over 6GB and test the general response of the machine.
Then I read into pages files, and it appears they should be set on multiple drives as windows will stripe write to them (RAID 0). I can't find the Microsoft article but MS say you should experiment with multiple page files on different speed drives.
1) When I first posted - I was on a single 8GB page file on HDD, computer performed ok.
2) Created a single 8GB page file on the SSD, computer became slow with jumpy mouse pointer, apps hanging - this gave worse performance then No1. I have a Kingston with JMicro controller.
3) Set a 2GB page file on SSD, and 8GB page file on HDD - This ran better then 1) and 2).
4) Set a 3GB on SSD, 3GB on HDD1, 3GB on HDD2 - this appeared a little quicker then Option 3, and system was nice and responsive even when PhotoShop was loading up. The computer is quite noisy as I have 2 HDD's being accessed.
I may try another test with stripping over just 2 HDD's but option 4 appears pretty good.
Also I have 8GB Ram on XP64, and seeing 6GB of RAM in use, and page file around 6.25 GB. So even with lots of ram 2GB for a page file is not enough.