mod_gzip Good or bad idea?

I have a server with mod_gzip compiled into Apache, and I am wondering if it may be hurting more than it helps (as far as actual speed & server load) I know it may help reduce bandwidh usage, but enough to really help?
Looking to get feedback on experiences and suggestions with using mod_gzip

My server is a dual AMD Opteron 242
2 x 73 GB SCSI HD
2 GB ECC RAM
Fedora Core 1
cPanel/WHM

 

 

 

 

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