1 ) Yes it can help in some situations.
2) If care is taken, it should be OK. ALWAYS SAVE THE ORIGINAL BIOS BEFORE FLASHING. There are times where flashing can make issues worse though for example if the "new" bios from the other vendor uses more aggressive memory timings due to performance tweaking or different memory chips being used on the other card. When this happens, if you have another video card handy (does not have to be the same model or make or brand) and have the slots to put in both the video cards it can usually be easily reverted too. Plus if you ever have to send your card in for warranty you want to flash it back. Another thing to note is make sure that heatsink and fan on both models are the same. If they are not (for example the card's bios that your going to be flahing too utilizes a non reference cooler), there is a good possiblity that the fan speed steps are different.
3) Always from dos.


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