What junk have you added to your Mac?
Unless you have limited free hard drive space, this should have no or minimal effect on slowing down the computer and re-installing OS X should always be performed as a final last resort. OS X is not Windows.
As a first step, check
Resolving Disk, Permission, and Cache Corruption for system troubleshooting procedures and when doing so, follow all steps/instructions in the order provided.
See
Maintaining Mac OS X for recommended maintenance for OS X which isn't much.
Regarding having adequate free hard drive space, see
Problems from insufficient RAM and free hard disk space and
Tuning Mac OS X Performance may also be helpful.
Regarding re-installing OS X, your options are Archive & Install or Erase & Install.
Selecting Erase & Install will re-install OS X as indicated. The hard drive will be erased first and OS X and all software included on the install package that shipped with your Mac will be installed new. When completed, this will be the same as when first turning on the computer when new.
The Archive & Install method will re-install OS X new and the previous system will be archived and saved as a previous system folder. You cannot boot the computer from or use the archived previous system folder to run the computer.
There is also an option to preserve user and network settings and when selected, all user and network settings along with all user data and 3rd party applications will be transferred to the new system. After confirming all user and network settings, user data and 3rd party applications were successfully transferred to the new system, you can (and should) safely delete the archived previous system folder.
See
General advice on performing an Archive and Install.
The Erase & Install method definitely requires creating a backup beforehand but you should do the same before using the Archive & Install method.
To boot from the Tiger install disc, insert the disc and re-start the computer holding down the "C" key until the computer boots up from the disc.
As previously provided, re-installing OS X should not be necessary and should always be done as a final last resort if all else fails.