Ok, I think I've settled on a rom that I like now. I tried the Cyanogenmod 5.0.8, and a basic Froyo release I found, and then I tried bugless beast v.04. BB runs the best on my droid and I like it alot, not the least of which is the cool boot animation..LOL.
I did like cyanogenmod a lot too but it seemed to really bog down my droid, even when I did use an 800 mhz kernel and turned off the live wallpapers. I actually had to try it twice because the first time I flashed it my phone went into an infinite boot loop, so I rewiped it, installed again and then it was ok, except for the really slow performance. It's possible I might have done something wrong but I don't think so. Either way though the guys on cyanogenmod website were very helpful in pointing me to the correct zip file to use and also making sure i had the google apps zip file to flash too.
Im gonna stick with BB for now, it seems to be running great and came standard with 800mhz, so I reset up my setcpu to 800 max and 600 min....but then I set up profiles for when the screen is off or the battery is below 15% and cranked both of those down to help save battery.
So far so good, and it's getting easier and easier each time I flash a new one.
One thing is for sure, Im loving flash!!!
Thank you all for the help and advice!