Performance concerns over software RAID 1

I have put together machines using software raid in linux and am
considering doing so again.

I am considering a server for myself using a xbox (PIII 733 Mhz, 64 MB
Ram) using 2*160 GB hard drives. I would be using this for samba,
occasional lite apache work, and maybe a small email server. Assuming
lots of swap how bad would performance suck due to the ram
limitations?
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