here is how i would do that:
add_action('save_post','update_all_meta');
function update_all_meta($post_id){
// verify if this is an auto save routine.
// If it is our form has not been submitted, so we dont want to do anything
if ( defined( 'DOING_AUTOSAVE' ) && DOING_AUTOSAVE )
return;
//check for post type
if ( $post->post_type != "YOUR_CUSTOM_TYPE" )
return;
global $post;
$tmp_post = $post;
$args = array(
'posts_per_page' => -1,
'post_type' => 'YOUR_CUSTOM_TYPE',
'post__not_in' => (array)$post->ID //skip current post
);
$myposts = get_posts( $args );
//loop over all custom posts and update the meta
foreach( $myposts as $post ) {
setup_postdata($post);
update_post_meta($post->ID,'meta_key',$meta_value);
}
$post = $tmp_post;
}
but if the stored data is the same maybe use options api so you only update it one and you can use it for all posts.