Thanks for the Info, I had already enabled the extreme OV, But that still didn't allow over 1.6v without boot errors (i.e., CPU voltage too high or Overclocking Failed press F1 to reboot).
Also there were times trying to get past 1.6v that when it actually Did try booting up, 3/4 of the way into the Windows 8.1 Desktop, the Whole System would just Completely Shut Down, which made me think it possibly had something to do with the VRM Protection enabled setting in the BIOS, But disabling that setting made no difference and since I have Chilled Water Cooling on the MB I didn't think it was an Overheating problem anyway.
This 3960X was loaned to me by doorules that he had running at 5.4GHz at 1.64v on his ASUS RIVE on Chilled Water Cooling, But on this RIV BE I haven't found out why there is this vcore limit yet.
It is Not a PSU issue because I swapped out my Thermaltake Toughpower 1200W with a Third New Rosewill Hercules 1600W/110A single-rail PSU dedicated once again only to the MB with exactly the same results.
As you have stated, I Should be able to get up to at least 1.65v or so with this MB, But I still haven't come up with any reason other than possibly hitting the OC ceiling for this 3960X even with temps of -40C at the SS Evap Head and a reported temp (ASUS OC Panel) on the CPU of -10C to -12C while under Benching Loads.
I have PM'd raja at the ASUS Forums who said it Could be the phase unit is falling over when the CPU pulls current and the temps are soaring and that 1.60V is a lot for a single stage phase unit when the OS loads and the processor goes into full load.
Maybe there is some Merit in that explanation, But I have even tried setting the vcore past 1.6v at the Default 3.3GHz CPU speed where you would think the temps are out of the equation, But No Such Luck Again.........Still can't go above 1.6v without having the same problems.