I've got a Shuttle AK31a mobo ("$hitty" I suppose as a refurb at Newegg is only $57). I don't recall how much I could overclock on the default voltage (1.75V), but with CPU @ 1.90V I can reach 1240Mhz (8x154, 8.5x146, or 9x138), at 1.94V I can reach 8x156 or 9x140 and at 2.1V I get 9x142. As you can see, I had no trouble getting a very high FSB and the CPU pretty much maxed at 1240Mhz, since adding 0.2V only improved it by 40Mhz. Actually, the AK31a only allows CPU @ 1.85V but I'd guess I could probably get 1200 at that (did a volt mod to increase the voltage further).
My Sandra memory scores at 8x156 are about 10% worse than what I got with a 1700+ at 10x158 on the same mobo (probably the small cache on the Duron), and my 1700+@10x158 had CPU scores about 30% higher than the Duron at 8x156 (as you'd expect).
So you can see that I got almost identical FSB out of the Duron 1gig and the XP1700+.
You can see my complete rig below, just substitute the Duron 1gig for the Athlon listed in the stats.