If you were somehow able to make the firmware storage area big enough to hold the much larger EFI-64 firmware, you still have a few unresolved issues:
• The graphics cards are not well-supported in later versions, because they are too slow, do not support the latest graphics enhancements, and the older cards are dying of extreme old age.
• The amount of RAM memory that can be added is severely limited.
• The RAM memories for these older Macs are still so expensive, it can be cheaper to sell the old Mac Pro, buy a new Mac Pro, and load it up with 24GB of RAM, and still come out ahead.
• The PCIe 1 slots are so slow that graphics and other cards can be slowed down.
• Newer Mac Pros (that support Multi-threading) benchmark close to twice as fast as the Mac Pro pre-2009 with the same number of processors at the same nominal speed.