My only "wish for more" with the a1047 PCI SP1.6, SP1.8, & DP2.0Ghz etc is the 4gb memory cap. Dont get me wrong, my a1047 DP2.0Ghz is an fine machine but certainly slower in all aspects. I dual boot 10.5.8 and Linux off of it, pulling light duty living out on my workbench in my garage. It did have a PSU failure, but PSU failure I think is an eventual par for the course on any old box and shouldn't/doesn't detract from its reliability. Anyhow, if legacy support is your thing, an A1047 makes great sense but the 16GB of an a1177 is very, very handy - all said, a much more responsive and zippy PMG5 box. For contrast, I use my a1177 for music production because it has more grunt and that 16gb ram is a big part of that performance boost IMO.
If I was going to drop actual money on one, Id definitely look towards an air-cooled a1177.