Well the Blizzard 1230-IV uses a Motorolla MC68030 and the Blizzard 1260 uses a Motorolla XC68060. The latter is at least 5x more powerful (and costs 5x the $$$).
Also, the '060 (as it is abbreviated) has an internal FPU as standard (some economy models lacked it) so with this 'Floating Point Unit' games that use 3D calculations will run a lot faster. The '030 boards had an extra chip which the user could add called the 68881 or 68882 PGA/PLCC FPU (Pin Grip Array or Plastic Leaded Chip Carrier).
A typical Blizzard 1230-IV if I remember would have a 50Mhz FPU installed for just 20 GBP extra. You will notice a speed increase just with FastMem but with the '030 and FPU you will be delighted. The jump in performance isn't noticed as much when you go from '030 to '060 as when you had gone from '020 to '030.
You only notice an '060 board when things get really intensive - like web browsing, 3D games, MP3 and MPEG. Housekeeping on Workbench only gets faster after the '030 when you have a GFX card due to AGA's limits.
I would reccomend Blizzard boards primarily but the craze for them will mean you can pick up bargains if you keep your eyes open!
As for getting a RAM expansion board I'm not sure that is of much use these days. Back when I first got my A1200 I would have killed for 8MB of extra RAM but nowadays there's so much more to be done (better games, better demos, MP3 music etc.) you need extra speed too!
Oh and the 'WARNING!' signature is regarding a problem I had with Analogic 10yrs ago to this month. Never have I encountered such an incompetant, blithering bunch of monkey-men in my entire life. They took 50 bucks for not fixing my A1200 and sent it back to me. When I went down to London to sort the matter out personally, the Manager stares at me with a notepad and takes notes, then tells me "You can't have the cake and eat it!". It took a few months to get the machine back and in the end Wizard Developments/Compute! found and fixed the problem in 3 days.