@neko
Thank you for your insightful answers, you seem to know your motherboard electronics. =)
As it stands, anyway, you can't get around the fact that you don't need AGP faster than 1x with a decent graphics card. With an 8MB Permedia card, you're going to be in trouble. With a Radeon 8500 at 64MB average memory, you won't.
Well, the whole thing is largely academic anyway, since MorphOS (or any of the other OSes is supports) in the foreseeable future is unlikely to get any games that are at such a level where this could be an issue anyway. It took Valve more than 5 years to create Half-Life 2, so well probably see Pegasos III, IV and V before such a game would become available for MorpOS.