Yeah, I should have really thought about this a bit longer although I used to have an MDD, I was one of the lucky ones who got one that didn't cause me problems. But, yes.. I should have known about the reliability rate of the G4 MDD series. Like you, I too hate the G5 but if it was a choice between the dual core 2.3 vs the Quad.. I would take the dual core since it doesn't have the LCS in it.
But getting back to the OP's situation. I now believe that the Sawtooth G4 was the most reliable mac ever built. I guess the same can be said of the Gigabit Ethernet model as well. Those G4's never gave me any ounce of trouble when I once had one, and they were quiet also.
So, I guess just because the MDD has a 167 mhz bus doesn't mean its that much better compared to the G4 processor 7448 upgrade. If anything, the 7448 would help speed things up. Correct me if I am wrong, but doesn't the G4 7448 have L3 cache?
Most G4 upgrade processors with the exception of the 7447 series have L3 cache which helped compensate for the slow 100 mhz bus, but also the 7450/7455 series ran hotter, while the 7447 and 7448 ran cooler.
MDD are by far the most unreliable of all the G4 towers. I actually moved from 2 MDD to 2 Sawtooth in 2009.
I am a hardware professional and I much prefer the Sawtooth over all the other G4 towers. I certainly don't have 5 of them because they suck. They are about the most reliable Mac ever made.
The fact that people recommend things left and right based on nothing more than looking at bus and CPU specs is a bit concerning when someone wants legitimate advice. He owns a Sawtooth already and wants to upgrade the CPU and people tell him to buy a computer (MDD) that could very well blow the PSU at this age.
Looking at numbers and picking the higher one is something that literally anyone can do. It takes actual understanding of the history of all the hardware involved to make the best choice.
About performance.. my single 1.8GHz 7448 powered Sawtooth is about 5-8% faster than my dual 1.42 MDD was in real world performance. This single 1.4GHz 7455 in a Sawtooth would be about equal to a dual 1GHz MDD.