Overclocking won't help with sprite flicker. Sprite flicker happens because the PPU will only evaluate the 8 frontmost sprites active on a line.
Sometimes you get sprites disappearing by priority, sometimes the software will alternate active sprites; software sprite disabling in some titles is probably harsher than needed (might flicker when there's more than X sprites on the screen, even if there is never more than 8 on one line)
Should be able to fix a bunch of stuff. Slowdowns, missed frames, etc.
The game only has a limited amount of time to do all of its logic before the VSYNC interrupt forces it to draw to the screen. Game have different ways of handling this, e.g. by rolling back and abandoning the changes, drawing whatever they have, etc.
A faster clock should make it s/t games that don't always get done in time should at least have a better chance.
Sometimes you get sprites disappearing by priority, sometimes the software will alternate active sprites; software sprite disabling in some titles is probably harsher than needed (might flicker when there's more than X sprites on the screen, even if there is never more than 8 on one line)