You can certainly try that, but I suspect that your problems may be deeper than this. The last few PSU problems I had resulted in fried chips -- both CPU and chipsets. The tops of the packages got hot enough to boil water, but once they'd cooled down there was no visible damage. One other failure resulted in a blown track on about layer 3 of a >7 layer board.
IMHO, it's cheaper to just get over it and buy yourself a shiny new Asus A7V-E, and a Duron/Athlon.
Disclaimer: I'm known as A7V-man in the office, after buying two A7Vs and two Athlon 900's within 3 weeks of eachother. I'd recommend them to anyone, however.
Roger - not necessarily speaking for empeg
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roger