I also use the 1200 slayer lv kernel with this rom and I use setcpu and seems to work a lot better....I would like to know what most people put the setting on...like ondemand performance etc...I use ondemand but is that the best for overall performance and battery life too?
With the slayher kernel, the best setting is interactive. Slayher gives a good rundown of his kernels, compcache, etc in a long post at cyanogenmod's forums...For more info, read there, but I've seen him advise others towards interactive. Hope that helps.