Hi Drudkh,
I am the author of the Canon Digital Rebel modification web site you asked about.
Yes, removal of the original IR filter will have an affect on the camera's shutter speed. In my instructions I detail how to remove the original IR filter and replace it with a coated clear glass window so that autofocus and manual focus through the camera's viewfinder is preserved. If an external color correcting filter is used for non-IR work, the camera functions as an un-modified camera. If an external color correcting filter is not used, the camera's imaging chip is more sensitive to Green and Blue and much more sensitive to Red and Infrared because the IR blocking filter has been removed.
If an IR filter such as the Hoya R72 is used on a camera lens with the camera, exposure times are similar to that of a non-modified camera and the camera's autoexposure can be used to get the exposure close, then adjust exposure from there. The tricky part is getting good focus since the view through the camera's viewfinder is black.
Matt has a valid concern about deciding to do the modification yourself. All of the modifiers using my instructions that have gotten back to me to date report success, except for one, as detailed on my site. He damaged a ribbon cable trying to reinsert it and is sending it to canon repair.
I explain some of this on a page with daytime IR images here:
http://ghonis2.ho8.com/rebelmoddaytime.htmlI have done comparison tests of taking IR images using the Hoya R72 filter on the modified Rebel (300D) to taking IR images using the Hoya R72 filter on a stock Canon 10D, to compare the exposure times, demostrate how much longer the exposure needs to be with an unmodified camera and determine any hotspot issues. I hope to have the web site updated with the comparison results soon.
I modified my Rebel for astrophotography but I'm having lots of fun using the camera for daytime IR:)
Gary Honis