Note by Mario Chisari: This page is my version of the one at <http://palm5.uhome.net/>; since it isn't available any more, I put this copy here for the sake of Palm's community. There was also a Thai version (possibly the true original) at <http://www.thaielectronicmall.com/palm5overclock.html>. The real author seems to be neway (a) hongkong.com. Photos come from these sites, I've just enriched the text.
Do you want your Palm V go faster? Have you tried Afterburner or Tornado?
These are well-known software overclocking programs. You don't have to open or modify your Palm to use them; just pay a few bucks! They can speed up your palm up to 231% the original speed (16->40 MHz), as shown by the picture.
There's another free program you can try: Cruise Control. It removes wait states from memory access, thus speeding up the Palm. It is a different type of overclock, having no side effects - in IR comms and Hotsync - to be corrected.
If you prefer, you can modify your Palm V to overclock it to the speed of Palm Vx (from 16 to 20 MHz, about 122% of a normal Palm V). If you use the StreakHack - a free hack - you can jump up to 133%.
The modification is easy, if your are experienced in working with surface mount electronics: it is like setting the jumpers of the PC computer motherboard. For instance, if you know how to upgrade the 2MB ram chip to 8MB, this modification would be a breeze.
Otherwise, leave it to a qualified technician. There are several services that can do this work for you on Internet...
Steps: