Try it and see. You want to make sure it'll boot in that configuration, for one thing.
You ought to be able to fire it up and open one of your larger drawings without having to close the covers and put all the screws back in. Try it, see if it's peppier or not. If it looks solid, put the lid back on. If not, pop the RAM out and find a better use for it. One box with 1GB and another with 512? They'd both be usable.
I've got one (badly written, true) app that won't even run on a machine with more than 1 GB, so there's another reason not to shovel in any old RAM just because it's handy.