> Unless your PHP server is sitting there idling (which is probably the case for many PHP servers out there) ...
Don't these two statements (abbreviated in my quote above, but directly one after the other as quoted) directly contradict each other? My personal experience is also that the CPU is never the bottleneck in (well written) PHP apps. You're usually always waiting for the DB or the network/io latency of something else like memcache.
In fact, I know at my last job (handling ~100s of millions of dynamic PHP requests/day) that PHP's gzip compression was turned on specifically because we had gobs of spare CPU, so using it to save bandwidth was a win both for speed and for the bill.