Should i upgrade m356ll/a Internals or buy a mac mini

I currently have m356ll/a with 5gb of RAM and 250gb or hard drive space. I am deciding to upgrade the RAM to 16gb and upgrade the OS to the Yosemite
1. Is it worth it to upgrade it?
2. If the RAMs has been upgraded, will it be faster than current Mac Mini 2.3ghz quad core intel core i7
Thank you

Other than a new larger SSD I don't know that you can upgrade the Mini - I thought it already had the max RAM it can take.
Worth it is well rather relative and subjective. Mavericks? Eh. Yosemite is too new and is the culmination of the road to the iOSification of Macs into tablets almost - putting ARM processor is all that is lacking!
For $200 you can have 8GB RAM and 250GB SSD in your 1,1. For another $100 an improved 2,1 5355 8-core, and then the only thing other you can do is the graphic card.
If it was easy to install Windows 64-bit 8.1+ (it takes a jack hammer but can be) it is an eminently good solid system that isn't ready to be sent to pasture. I don't see where OS X is all that much better, fun yes. I don't see the Mini as more than a home server and LAN entertainment and basic system anymore. Depends on the use. Which has been missing in this conversation, is up to you.
you would have to see if anyone has ever swapped out the processor in a Mini I guess if that is what you were thinking.

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