I have performed the L3/L4/Lwhatever surgery on 5 AMD chips successfully, some I did more than once at different speeds, but I knew what they could OC to before doing it and it can be very risky because those bridges are incredibly small and it's easy to screw up the cpu while cutting the bridges. I would try to up the FSB on that tbird before doing anything else or install it in a board that allowed for adjustments to the multiplier. Many of those 900 MHz Tbirds OC'd very poorly, as mine did, and it would be good to be able to quickly undo any changes in case you overdid the OC. IIRC there is also an addon socket with dipswitches that can be used to manually adjust the multiplier, but not sure of the name and have no experience with it.
You can check the stepping on your CPU to see what others were able to achieve with it. The stepping is a code printed in the core and there is(or at least was) a couple of charts over at
www.athlonoc.com with various steppings and how well they OC'd. Some were better than others, much better. Unless you are willing to kill the chip then I don't know if I would try it. I was, but most people aren't.