The physical properties of photopolymer grating formation are, for the first time, investigated elaborately with respect to I, and A. The dynamics of holographic recording with constant exposure energy (l5mJ/crn2), are evaluated for a wide range of different I (mW/cm2 -W/cm2), and for a few typical A (0.5 -3.5pm), in a material utilizing cationing-ring-opening polymerization (Polaroid CROP ULSH-500B). Diffusion was evaluated to limit the photoinitiated recording sensitivity at high I(> W/cm2 A2). At the same time, however, the significant post-exposure grating development observed for diffusion limited recordings, was identified to allow eventually for equally high sensitive final gratings ('s 3-5 cm/mJ) without reciprocity, or diffusion limitations. Based on these observations, a new physical model was developed that describes more accurately holographic recording utilizing photo-initiated polymerization, and accounts successfully for the observed physical properties of grating formation.