Can I increase playback speed (ala VLC) while listening to MP3s on Clip?

Again, as nice as Rockbox can be, it still is in development and is not yet fully stable for the Clip, as the Rockbox webpage notes (please be sure to read that). It also consumes more battery power than the original Clip firmware.

It also is possible that if you use Rockbox, you will not be able to play DRM’ed files on your player in the future, even if Rockbox is removed (an earlier situation–unknown if this has been eliminated).  Again, be sure to read the Rockbox pages for the Sansa Clip and similar chip players.