i did something similar to you. I had a MacBook Air and a PowerMac G3. But my primary computer was a Q6600 9800GTX SLi. Which is a great computer, but it's powered by windows vista.
I decided to go out and buy an old PowerMac G5 1.6GHz.
From all that I know. It is impossible to changed the front bus speed of the PowerMacs. It may be possible to change the jumpers on the G5 and overclock it, but I haven't looked into it.
Your main problem is your ram. You only have 1.5gbs Which by todays standard is rather small. I think these G5s can hold only 4 gigs.
Your best bet is to get a new graphic card. That 5200 Ultra is killing you. What I did was buy a PC 6800Ultra and flashed it to mac. The only problem is that the DVI will not work. Since the DVI on the PC is different from the DDL DVI used by the mac.
You can find more about this at
http://themacelite.wikidot.com/start