Well, 5 nights worth of 600GB is ~3TB, so you are not going to be able to keep and entire weeks worth of backups online In fact 4 nights worth will be ~2.4TB
if you just want to keep as much as possible, set the Global Overwrite Option to "use scratch media before overwriteable media in the target media set"
Then set the OPP (Overwrite Protection Period) for the media set(s) to 3 days Backup Exec should use all of the space available on the target volume, then start overwriteing beginning with the oldest (first created)