Thanks to everybody for all the responses!
Wouldn't running a P2 300 (SL2W8) @ 450 still have same limitation as just running a P2/P3 450? I mean, the cache running at half-speed. I suppose I'm not seeing the advantage in this scenario. At least with the Celeron 300A @ 450, you get the 128K cache running at the full 100mhz.
Looking at the benchmarks that kixs posted, the Celeron 300A @ 450 does outperform the P2/P3 450. However, it only appears to be a small gain in that it gets about 0.3 to 1 extra FPS in games/benchmarks. Is this enough to justify overclocking a CPU? At most, it seems like a 1-3% gain.
At the time, considering the cost of a P2 450, buying the 300A and overclocking it made tons of sense. But what about today? Is it still a good idea to do something like that when a P3 450 is cheap and easily obtained?
What exactly are the risks in overclocking a 300A? Am I one of the rare cases of a CPU burning up, or was it a more common risk? If it's a riskier alternative to the standard P2/P3 450, then I think I'd prefer to run one of those just for the stake of stability and peace-of-mind.