At 90MHz and above on the PPC601, Apple always provided a Peltier equipped heat sink. I'm not sure it's really an improvement. While you get a fixed thermal gradient between the top and the bottom of the Peltier, the extra energy (heat) that the Peltier adds means that the heat sink (top end) is at a higher temperature than it would have been without the Peltier.
So the question becomes whether the gradient created by the Peltier is more (cooler) than the increased temperature of the heat sink.
See the upper left hand item on this page.
http://www.shrevesystems.com/misc.html
On machines which used it (later PM8100, PM7200/90? and PM7200/120) there was a 12V supply header on the logic board near the CPU.
But if your heat sink is doing the job, the above is probably only of historical interest....
Now, time for some over-voltaging...
Apple used a Linear Technology LT1086 voltage regulator to supply power to the PPC601. The LT1086 is an adjustable VR. You change it by adjusting the ratio of two resistors. I used to know which two, but it's not hard to figure out once you find the LT1086 on the circuit board.
So, in theory, if you wish, you could try over-voltaging the CPU to see if you can squeeze any more performance out of it. You might need more heat dissipation though.