What verision of froyo are you running, 2.2 or 2.2.1. If you are still on 2.2 there is a one click root option (more than one actually) but if you are on 2.2.1 the easiest say to root is through RSD Lite. I run my droid max clocked at 1GHz all day long and usually get about a day worth of battery life out of it which is pretty good I think because I use it a lot. Setup profiles in setCPU and it should be relatively easy to get decent battery life on a clocked droid.
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