So we're hitting a bottleneck with PCem (which will be the same for 86Box and even PCBox). Maximum speeds of fastest CPUs they emulate are not enough for some newer (compared to CPUs) games that would otherwise work fine on them.
People have tried simply
increasing the clockrate of Pentium2 up to 2GHz and it really helped with a lot of lag. But Pentium2 never worked at anything like that, best it could do was
450MHz. 2GHz was out of reach
until Pentium4 in 2001.
Emulation of P4 is not gonna happen soon, because people who work on those emulators consider even emulated P3 too slow for usage, and P4 is not only a faster CPU (hence slower emulation) but also has lots of features P3 didn't have.
There's progress in
making QEMU work in libTAS, but I'm pretty sure I'm the only person who tried it aside from keylie who made it work in the first place.
So until we make qemu+libtas stable, I feel we should allow speeding up PCem if it doesn't cause glitches. It wouldn't be emulation of an overclocked CPU, but rather overclocking the emulation of a CPU.