The official frequency for a DDR333 PC2700 Cas 2.5 module is 167 MHz. You won't be happy at that frequency but cannot complain neither. 5-10% overclock is usually possible if the memory is not itself overclocked, so you should be able to get it to 170-180 MHz (hopefully).
Also increase the bios default RAM voltage to 2.8 V may help. Some would do Vram mod on the MB to get even higher memory speed.
Set USER DEFINE for the bios memory setting, set it to 6-3-3-2 as a starting point. Set the FSB in SYNC mode with the memory. Lower the CPU multiplier so that CPU would not go out of its stable working range during the FSB overclocking.
Increase the FSB few steps at a time (or 1 MHz when close to top) until the OS begins not to boot, then you will know roughly what is the top speed of your system. Then you can backoff 1 MHz at a time, so that the OS and applications are stable. 3D mark 2001 is a good and quick test for stability. This is the top stable memory speed of your system.
A7N8X FSB top speed can range between 180-220 MHz (w/o Vdd mod for NorthBridge). When you use PC2700, memory may be the limiting factor. But go w/ the PC2700 first, before going to buy expensive memory.
Then try to tighten the memory timing to 5-2-2-2 as a goal. You may not be able to achieve that without dropping the FSB a lot. There is an optimal point and balance between the bus frequency and memory timing. Between 6-3-3-2 and 5-2-2-2 is about 5 MHz of memory/FSB frequency (roughly speaking), pick the best tradeoff when you get there. Memory bandwidth can be measured by SiSoft 2003.
After you get the max FSB for system, then you can play with the CPU multiplier. May have to make delta change (+-) on FSB to finalize between TWO adjacent multiplier settings such that the CPU frequency is as close to its top as possible in order to fully optimize the system.
After you've done all these. If indeed memory is the limiting factor, you can run ASYNC dual channel mode 75% or 80% to find out the max FSB of the MB. And decide whether to upgrade your memory at that point, or just run ASYNC dual channel mode to boost system performance (to some where between max FSB and the slower memory freq) with the existing memory.
Hope this helps.