The ECM is more than fast enough to do it's job. Attempting to over clock one is likely to cause problems. (The master clock is used for things besides CPU timing.)
An important note here....
The ECM does read all the sensors in real time however it does not report to ECM Scanners in real time. The data stream to the scanner is only updated once or twice a second.
The C3 ECM isn't built to provide a real time data stream, infact many early ones have minor issues when trying to run with a scanner because of the extra processor load. In many cases you'll notice the idle changes durring scanning. The later P4 ECM's are a little better about scanning but still not real time. I don't think any OBD1 GM ECM provides real time data. (We often say it's real time but there is lag and fast events may not get reported accuratly or at all.)
This important fact is often overlooked by people new to ECM scanners. While an ECM scanner is a valuable tool, you can't always count on just it for reading things the ECM and sensors are doing.
------------------
RIP Crew of Columbia. 01-Feb-03