I am running a P4-1.5 overclocked on the Shuttle AV40. I found the limit to be more RAM dependent. I have purchased and tried three different type of PC2100 DDR on the same AV40 and found the following results:
Crucial PC2100/CL2.5, 256MBx2.
143 MHz bus @ CL2-2-2, Sandra score 1174/1193
147 MHz bus @ CL2.5-3-3, Sandra score 1148/1185
Infineon PC2100/CL2.5, 512MBx1.
147 MHz bus @ CL2-3-3, Sandra score 1176/1191
151 MHz bus @ CL2.5-3-3, Sandra score 1151/1183
Mushkin PC2100 (special grade)/CL2-3-3, 512MBx1, Nanya chips.
149 MHz bus @ CL2-2-2, Sandra score 1213/1234
151 MHz bus @ CL2.5-3-3, (not measured)
Crucial did not have 512MB when I purchased. The Mushkin special grade showed an advantage over Crucial by running stable at CL2 at the highest memory bus. It is the only one among the three that allows the most agressive memory settings and the Sandra result shows.
The system as whole, tops out at 118 FSB and 151 memory bus. I suspect that the limit is due to the PCI bus at 38MHz. The Adaptec 29160 Ultra160 card just cannot handle it anymore. Shuttle does not allow the user to set the FSB/PCI bus ratio.