Hello,
http://www.ifixit.com/Guide/Replacing+PowerBook+G4+Aluminum+15-Inch+1.67+GHz+Hea t+Sink+%26+Fans/654/1
This link provide you with how to remove and where the heat sink is located.
I removed mine and used a level to make sure the surface was flat. Removed the old heat sink compound and put new compound on. For mine, Apple had put loads of compound on, which over time become sticky and thick.
Too much compound will provent the heat sink from being effective.
The idea is for the CPU and GPU to touch the metal of the heat sink, allowing the heat to dissipate though the heat sink.
Which is attached to the base. (That's why the base get so hot)
Just for clarification, I recently tested this therory of a heat problem, by simulating a blockading in effective cooling.
I placed the PowerBook on a thick carpet and covered the vents. Sure enough after a while started to freeze and the screen when black. So I know this was a problem with the effective cooling.
It could also be a defective tempature sensor, preventing the fans from coming on before it gets too hot.
That problem I've had in the past with a 17" PowerBook.
There are six sensors on these PowerBooks.
Some can be replaced, others can't.
The CPU sensor is part of the CPU and can't be replaced, unlike the tracker pad sensor which can be if replaced the tracker pad.