A bit of difference- probably. $600 worth, not so sure.
The Deut has a duel 7447 processor with L2 cache only. Though the L2 cache is twice that of your stock processors (512k vs. 256k), the lack of the 2mb L3 cache effectively reduces the performance of the faster processor in some areas. The main area of impact will be in graphics and video. Overall, I believe the upgraded performance would be the same, and in some areas, only slightly faster.
For discussion on the cache issue, get the White paper from the following:
http://www.powerlogix.com/press/releases/2002/020826.html
I would (as you, probably) like to see some benchmark comparisons. If you had, say, a DP 867mhz, or even a 1.0ghz MDD, I am sure there would be noticeable improvement with the 1.8 Duet.
The Powerlogix dual 1.8 (7447) shows the following benchmarks:
http://eshop.macsales.com/item/PowerLogix/PF47D1800DA/
Compare to a single 1.5 7455 processor:
http://eshop.macsales.com/item/Other%20World%20Computing/MEG42M1500/
Might run XBench on your machine to get some comparisons.