Finally doing this today! Hoping to increase performance on my Incredible. I'm trying out the ROM you listed above as the first go.
What others would be recommended and why?
Also, have others used Kernels?
Custom ROMs usually have a different kernel too. But, I updated to Lou's #9 (Incredibly Re-engineered has #8 now, I think). Supposed so speed it up but I haven't noticed any change.
A couple other ROMs I've tried and somewhat liked are SkyRaider and CyanogenMod.