Hi
I think it's worth considering upgrading the processor in the QS 733 at least, and perhaps swapping the computers over if you need the more powerful one at home.
Whilst they're not major pitfalls at all, some third party processor cards (primarily 7447 based ones) do require a firmware update, which depending on the upgrade manufacturer may have to be performed via OS 9. Also most come with their own heatsink and fan(s), either in addition to or in place of the existing processor fan, which may increase the noise level slightly. Finally there's also a small amount of risk involved in swapping the cards over, for example, if the screw driver slips when removing the heat sink clips or the card isn't lifted straight up, you could potentially end up damaging the logic board.
I recently upgraded the processor in my QS and rather than going for a third party card managed to get a dual 1GHz card pulled from another QS. Like your's mine was the base model (733/800MHz without level 3 cache) and the extra processor speed, level 3 cache and second processor have all contributed to a very noticeable speed increase.
Even if you do eventually get an Intel based Mac, it may be that you need to initially continue using your PowerPC ones for certain applications, either because they're not available as a universal binary or because of the expense of buying newer versions.
I hope this helps.