So basically, the voltage is fine, correct? (Ranging from 1.332 - 1.428) I know the issues that having the voltage turned too high brings, but I'll go back and check the power saving features on if they're off.
And what about the EPU?
Apologies for being like this, I guess I'm just paranoid.
-Disable your Load Line Calibration first. That's why your read voltage is so much higher than your set voltage. You don't need LLC, just run a higher offset value instead. If its not stable without LLC than its probably not worth running long term anyway.
-Enable all the default power saving modes, you can run these modes and still run an overclock. It will make your system last longer by underclocking and undervolting it when you aren't using it, definitely worthwhile.
-Go to voltage screen and set it to offset mode.
-Below that setting, instead of auto, change it to -.010v. Make sure the symbol is '-'. Keep decreasing it by -.010v until its unstable. Then once you find that point of instability, increase it back to the prior setting. If its still unstable, increase it a little bit more. Pay attention the voltage in CPU-Z at full load (prime 95/IBT etc) rather than the bios.
-Every multiplier speed setting has a corresponding "automatic" voltage that the chip asks for. This is called the VID.
-By leaving it on auto, you are feeding it that voltage. If you use offset, it lowers or raises the voltage from that VID value to the amount you desire.
-That VID voltage is usually too high. So instead, you can adjust it by offset so that when it goes into full power mode it doesn't run more voltage than it needs.
IIRC EPU is the Asus automatic overclocking utility, I would recommend NOT using it. You should do it manually via the above DIY method.
Also if you want greater stability, adding a small fan over your VRM will help cool it, as it is only a 4 power phase motherboard. You could also consider a small fan on the northbridge too.