sudo does not require root password. If you type sudo, it will only work if you are an administrator. It will ask you for YOUR password to validate you before letting you do stuff via sudo.
sudo runs processes as root. The phrase "enabling the root account" is misleading. By default OS X leaves root's password untypable, so you can't log in as root. It's all there though, it has to be, or the system wouldn't run.
sudo whoami
requires you to be an admin, requires your password, and then will tell you it's root, because, for that process at that moment, it was.
root is the name of the root user. Administrator is an attribute of any user. It means that you can obtain root power. The account you set up when you installed is not the root user, it's just an admin. Except for 10.0 where the setup duplicated your password to root's password.
And after all that, I'm gonna say, buy 10.2, get a phat video card, and maybe bore RAM and a faster HD, and that's how you speed up your sawtooth. Post your results here.