The following Apple TIL (Tech Info Library) article refers to Apache under OS X Server, but I would think (my opinion only!) that it would also apply to the PB. The article mentions that the location of the Documents folder affect the speed of the server. For maximum speed, it recommends storing the Documents folder at the root level of the hard drive, since path name resolution slows the server down.
It also discusses security and issues with memory management when restarting the server.
The TIL can be found right here.
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Mac OS X Hints
http://hints.macworld.com/article.php?story=20001110083635651