As I said in my earlier post (which has nothing to do with the OP really as he has a single pci-e16x slot) whether the bus gets cut depends on the chipset you have. I have an older nvidia based motherboard that will split to 8x and 8x with dual graphics cards and my current mobo will split it 16x and 4x but there are chipsets that will give you a full 16x on all 16x pcie slots. And just because the bus gets spit down to 8x and 8x doesn't mean you will lose any performance.
As I stated above it will only hurt performance if your card needs more than 8x speeds which few and far between do.
Don't know where this came from but what generation card you run together only matters if you want SLI or crossfire. If you run 2 cards together for multi monitor support it doesn't matter if one is from 1998 and on is brand new, they will not hinder each others performance, just the slower card will be slower but in 2d apps you won't notice. I can run dual monitors on my laptop (laptop screen and 22" LCD) on a 4 yr old integrated chip (ATI 200M)with no performance issues at all in 2d apps.
For most peoples use, and I'd assume the OP's as he is currently running the integrated graphics on his pc, there is no reason to buy an expensive card just for dual monitors. Unless your gaming or other 3d intensive work, any dedicated card made in the last 5 yrs has enough power to run 2 monitors with no performance issues at all.