The problem with a FSB of 133 is that you can make it higher, but the PCI bus speed will go up as well, and there's no option to alter the FSB/PCI divider. For example, if you go to 166 FSB, your PCI bus will be 41.5, which is pretty high. You can lower the speed of your memory (ie a ratio of 133:100:33 for FSB:MEM

CI), but the PCI bus will still be the problem.
Because of the low multiplier (which is locked on all PIIIs, btw) an increase in the FSB speed will result in a relatively low CPU speed change. For example, for a 800EB, the multiplier is 6. So for every 1 MHz FSB increment, the CPU speed will increase 6 MHz. For a 800E, this increase is 8.
As for SMP, Intel recommends using identical steppings of CPUs, which implies that they must have the same frequency. You could mix steppings, but the CPU speed has to be the same. Intel doesn't recommend mixing steppings, and doesn't test all possible configurations. Check
http://support.intel.com/support/processors/pentiumiii/intnotes.htm#7 for more info.