It depends on what game you're running. Some SNES games that utilize special chips (i.e. SA-1 and Super FX games) are going to run slower.
You can get a good speed up by overclocking the PSP to 333 MHz if it isn't set there, playing on auto frameskip (or frameskip 1, but know that frameskip sucks), and lowering the sound frequency. Playing around with the aspect ratio could also give you a small boost in speed.
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