What i think alot of you are failing to understand is dos box is SOFTWARE EMULATION for actual hardware. And as such, no matter how fast your host computer is that's running it, it will have certain performance limitations because it's just software.
It's never going to be as fast as a real pentium3 (or P4) with a real voodoo3 in it, running ms-dos or Win98 with the proper drivers, it's just not. No amount of tweaking or modifying will make it go any faster. It's just going to be a poor substitute for the real thing and you need to either accept that, or go to all the trouble of actually acquiring older hardware and building a P3 with a voodoo3 (the parts are actually very cheap these days if you look around and know hardware).
As an example:
I saw a P3 motherboard with 1.2ghz processor with heatsink, and came with 512mb ram for $25 (with i think like $10 shipping) on ebay last week (Sold now though) and saw a voodoo3 AGP Card for $9 with free shipping last week as well, also sold now. Something like that would be great for older games, if you like, already have a chassis / case and older power supply maybe. A system like that wouldn't need more than a 200 watt power supply, those are dirt cheap these days too.