It is a very useful mod, but it wont fix the problem of a poor power supply.
To find out if the mod would help first download and run Aida32 or Sandra to see what your voltages are at now. Record them and then take an extra power supply and
short it like this.
set it next to or on top of your computer with the side off. Unplug all fans and unnecessary peripherals from your computer and hook them up to the extra power supply instead. Turn on your computer and plug in/power up the extra power supply at same time.
Run Aida32 or some other program that checks your voltages and see if it has made a difference to the original no#s.
If it doesnt bring them closer to spec then it wont do you much good unless you just want more "pimp" gear.
here is another good article on power upgrades.
http://www.overclockers.com/tips1027/