First game of MOM. Trying to download the unnoficial patch as the AI improvement sounds good. Not sure if the version # shows up and I'm not too good at extracting. I extract it inti c/Programs/Gog/masterofmagic....Right?

Right, check the .exe and other files are overwritten.
Yes, the version number shows at the load/save screen.

kyrub's patch is still under active development, make sure to get the latest version at Realms Beyond (http://www.realmsbeyond.net/forums/forumdisplay.php?f=56) in the Insecticide patch section.

Also come check out the tournament we're about to launch, deciding on the specifics of the tournament format the next couple days.