It should, but according to a doc i have it can be jumpered
to 2.5V vcore so it would probably run a K6-2, also. It
does appear to have linear regulators though so there might
be a limit on how fast a CPU you could choose. P200MMX
should be ok, as would K6-2/300? K6-2 @ 400MHz or higher
might be pushing it, though you could try a better
heatsink(s) on the regulators if you can get them off the
board safely, and/or point a small fan directly at 'em.