These days, we don't sell a license just for IPS, but a package that includes it (either NGFW, NGTP, or NGTX).
Regardless, as Maarten said, there is a performance hit when the blade is enabled.
That said, if you're already using Application Control, the performance hit may not be as great.
Your best starting point would be to use the cpsizeme tool to see where your current appliance is: The Check Point Performance Sizing Utility
Based on this and upon consult with your local office, we can see if your existing gateway can handle enabling IPS or not.