With a KT400 you shouldn't be able to unlock the multiplier without a wire mod, unless you have an XP-M (mobile) which come unlocked. You can tell by looking at the L3 bridges but that involves taking the cooler off and getting a decent amount of light inside the case....
With decent cooling you can run T'bred Athlon XPs at 1.95v for extended periods without electron migration killing them, I had a crappy water loop on my old 2600 (2.083GHz, 166FSB stock) running at 2.5GHz with a 200 FSB like this for a looong time.
Eventually the motherboard caps started leaking, as motherboards of that era are prone to do, but the CPU was still fine, and is currently running in another motherboard in my little brothers PC at my parents house.
A higher FSB will be good for you, but the KT400 does NOT support PCI/AGP locking, so you basically have 4 FSB numbers that will keep the system stable, 100 (waaay slower than stock, useless), 133 (stock), 166 (decent overclock, may need to drop the multiplier a little), 200 (massive overclock unless you drop the multipler, 200x8 for 1600 CPU would be a nice initial overclock. The RAM should handle it if set to CL3 loosen the other timings as much as you can)
As for the wire trick not working for JMecc, the multipliers the BIOS asks for are often not the ones the chip will aim for. This is because when multipliers started getting higher than a certain generation of mobos could handle, AMD and Intel started making a requested 12x post at 20x, and similar. This means that when you set the multiplier on your 2800 from its default (which varies, there are threee different 2800s, 1 Tbred and 2 Barton) up by 0.5, from say, 12.5x to 13x, it may have tried to jump to 24x or something silly.
What you should do is map the actual multipliers. Set the FSB to 100 (to enable it to post at the widest possible range of multis) and starting from the lowest BIOS option, record what actual multiplier each setting gives you.
Then you can set the FSB to what you like and overclock by multiplier