HE'S A MAAAADDD MAAAAAAAAAANNN LMFAO!!! I'm in deep now. It really does feel like I have a new phone. Just finished bringing the CPU up to 1ghz! and have a 1.1 and 1.25 waiting in the wings but for now this thing is like lightning compared to what I was used to. That just goes to show how throttled back Motorola had the chip in the original Droid.
Go slowly, and when you get there, try a lower-voltage kernel to see if you can save some juice at the same time. Remember, every Droid is different. The exact chip put in the phone was designed to run at 600MHz, but throttled back to 550 in the original configuration for some reason.
Have fun and play safe!
Actually I went with the kernels built from "p3droid". The low end on the one I'm using is 250mhz which is where it was at stock according to setCPU. Don't know if these are the best or not...just know I got tired of trying different kernels and never could get them to show up on the SDcard and started from scratch. Found ONE manager that would work with ONE set of kernels and this work flawlessly first shot. "ROM Manager" with the kernels from p3droid
Android 2.2 Kernels Released – Fixes WiFi | Droid Life: A Droid Community Blog