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NetBSD performance and power management tweaks
(www.unitedbsd.com)
It's my OS of choice, and the with the passing of time I eventually installed it on most of my hardware:
I always wanted a SPARC machine but never got one.
AFAIK there's no support for Optimus graphics on *BSD unless either of the 2 can be kicked out through the BIOS. I'd give an attempt to disabling nouveau/nouveaufb on boot.
As others pointed out, finding Win98 drivers for that will be quite a challenge. The same probably applies to Windows 2K/Me. If for some reason you don't like XP, a good alternative for T43 is OS/2 based OSs, starting from 0S/2 Warp 4.52. I tend to prefer supported and maintained software as long as the device is expected to surf the internet, so ArcaOS would be a better alternative.
Linux support for 32-bit x86 is shriking day by day; at this point you'd better install NetBSD on anything i486 onward (but this is just my opinion).