Have you considered iotop
instead?
That said, it shouldn't be too hard to hurl some rough Perl.
#!/usr/bin/perl
# Adjust options to taste.
open(IOSTAT, "iostat -d 5 |") || die;
$| = 1;
while(<IOSTAT>) {
if (/^Dev/) { system "clear"; print; }
if (/^vg/) { print; }
}