I've never seen an LX board capable of 100mhz. I'm not saying they so not exist.
I have an LX board that will accept PII and Celerons up to 533mhz. The FSB options are 66 and below, 75 and 83mhz.
If the voltage was the only issue, a decent slotket would take care of that, but I'm REAL sure there are no BIOS upgrades. I don't even know of a motherboard mfg. that even supports LX boards any longer!
I've tried a 366 Celeron on a slotket and adjusted the FSB jumper to get 100mhz FSB. No go! So, if I cannot get 100mhz even using a slotket, I'd guess it wouldn't run a Celeron 2 at all.
In your case, I wouldn't see why you could not run the PIII as long as you did not expect 100mhz FSB. Using an adjustable slotket of course.
But..why?