The Turbo Boost tech in all Intel Hardware is designed to run at the set speeds, this is the normal operation of the CPU.
It shouldn't shorten the life span of your computer unless it gets too hot for too long. (As said previously, just don't block the vents, and make sure you clean your computer with compressed air.)
As for the cost, it depends on if the CPU is in a socket or mounted to the board by soldier. If its the first, then probably the cost of a CPU. Otherwise, more expensive than its worth.