Of course, speed is a relative thing. Hammer Computing, using Word 97, filled 200 pages with x's and then copied and pasted them into a new document. The Pentium II 350 did it in just a shade under 10 seconds. The code is good. The question is whether all games will be compatible with it.
Computers use bits to create their work.
The monitor uses the pixel as its building bloc to create pictures and text. But the richness of a computer-generated graphic depends on a far greater color array. Thus, if your graphics card supports 16-bit color, graphics on your monitor will look better because your video card will generate enough bit combinations to spur pixels into displaying 65,536 colors. The synonym for 16-bit color is High Color. However, if your system supports 24-bit color for each pixel, or True Color, you are in clover.