Is it possible to specify how many minutes of inactivity Mac OS should wait before it sleeps hard disks? Is there a plist I can manually specify "60 minutes" or something?
The GUI gives you the option to "Put the Hard disk(s) to sleep when possible" in the Energy Saver preference pane, but I'd like to have it wait longer.
CHUD tools contains SpindownHD which does what you want - look in:
To do it from the command line (and doesn't require the Developer Tools installed - available on any 10.4 or 10.5 system) you're looking for a utility called
pmset
(power management set).eg.
sudo pmset -a disksleep 60
As always for more check out the man page
You could try SleepWatcher, an open source utility written by Bernhard Baehr, mentioned in this article:
SleepWatcher - A utility to run tasks on sleep/wake