Spectral modeling of the large infrared excess in the Spitzer IRS spectra of HD 172555 suggests that there is more than 10^19 kg of sub-micron dust in the system. Using physical arguments and constraints from observations, we rule out the possibility of the infrared excess being created by a magma ocean planet or a circumplanetary disk or torus. We show that the infrared excess is consistent with a circumstellar debris disk or torus, located at approximately 6 AU, that was created by a planetary scale hypervelocity impact. We find that radiation pressure should remove submicron dust from the debris disk in less than one year. However, the systems mid-infrared photometric flux, dominated by submicron grains, has been stable within 4 percent over the last 27 years, from IRAS (1983) to WISE (2010). Our new spectral modeling work and calculations of the radiation pressure on fine dust in HD 172555 provide a self-consistent explanation for this apparent contradiction. We also explore the unconfirmed claim that 10^47 molecules of SiO vapor are needed to explain an emission feature at 8 um in the Spitzer IRS spectrum of HD 172555. We find that unless there are 10^48 atoms or 0.05 Earth masses of atomic Si and O vapor in the system, SiO vapor should be destroyed by photo-dissociation in less than 0.2 years. We argue that a second plausible explanation for the 8 um feature can be emission from solid SiO, which naturally occurs in submicron silicate smokes created by quickly condensing vaporized silicate.
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