Cleeve,
I'm a hi-fi audio enthusiast and it's common knowledge that circuits need to "burn in" for at least a few dozen hours before they sound the way the manufacturer intended. This applies to everything, but especially amplifiers, which produce more heat than any other kind of component. Also, all audio equipment sounds better after it's been turned on for at least 20 minutes, and it is the most pronounced with tube equipment.
Electronic components contain lots of silicon, which is a metalloid and it expands somewhat once it's reached its operational temperature. This affects the electrical properties of the whole circuit- conductivity, capacitance, inductance, resistance, etc. The first 20 or 30 hours of use for any circuit is critical in its "break-in". I'm not surprised that enthusiasts do this with their graphics cards when they first try to overclock them, and I'm sure it would make a difference, if only a small one.
Cheers