At the moment, the top end Pentium 4 chipsets between single channel and dual channel (i845pe versus Granitebay and Sis 655, as well as i850e) are relatively close, almost within 5 percent performance. Don't forget, the Pentium 4 is very heavily reliant on bandwidth, so the higher you can up your FSB, the more performance you'll get in the end. Overclocking wise? If I bought a pentium 4, i'd look into an i845pe motherboard, not as expensive as granitebay, but reliable and proven, as well as fast.
Instead of Rdram, why not just merge 4 Sdram channels...