We currently have a 2010 Pace Arrow 38P with the optional U-sha[ed booth dinette. We ordered our Pace and took delivery of it at Lazy Days in Tampa Florida in January 2010.
The table you speak of is convertible into a bed. However: Fleetwood used two different design center support posts: one is a round telescoping tube (we have this one). There are two toggle clamps on the tube that when released allow the table to be collapsed (note: doing this does take some effort to push down. You have to push heavily down on the center and then reclamp the two toggle clamps (the table is spring loaded to raise with less effort). The other post design works similarly but with a lever attached to the bottom of the table top, that should release the post to be able to be pushed down.
Now, for some more information. Understanding that the previous owners never used the table as a bed they may not have discovered that the table installed does not fully go down because the table top is larger than the opening between the facing booth benches. We found that out with ours at time of delivery and the Fleetwood factory authorized Lazy Days to custom build a table top that fits ....3 inches narrower! I have seen many 38P's with this dinette (Discovery, Southwind and Bounders) and all had the same size problem. I guess that if you don't use it you can't know.
Our Pace came with a separate cushion the same size and shape of the table top. We were able to squish the cushion in between the benches. The table top also had four screw in legs that support the table in the down position so as not to twist the top when sleeping on it. We added a fifth leg to support the outside curve so that someone could sit on it when getting into the bed.
We also found that the back kick panel of the dinette on the wall side is easily removed for storage--just snaps in. I had to modify the width of this panel to make it easier to remove. I also added two handles. However, we have since found two storage bins that slide in and out. We actually use these bins as the table support instead of the screw in legs. We still use the fifth added leg.
The table functions great as a bed now.