Well I think I have evidence beyond a reasonable doubt that the primary problem causing the Power Limit issues for the 3090 FTW3 Ultra/Hybrid cards on the BIOS or board settings indeed has to do with the vRAM.
I set to stock, run Port Royal, tickles power limit. I begin revalidating my vRAM OC settings by setting my core to 2040MHz @ 981mV (which results in NO power limit readouts during Port Royal), start with +500 vRAM, no power limit. +750 tickles power limit... +1000-+1250 solid power limit (at 450W, mind you, not "500W"). Score doesn't go up after +1100, I back off to +1000 for a nice even number this time.
I let the core back to "stock" so it's running the stupid voltage with horribad clocks, still +1000 vRAM, solid power limit through the test. I think about it, and figure why not see if I can break my record...
I set to +210/+1000 - solid power limit, the core only actually hits 2100+ for a few seconds through the entire test. Only hit 14.6K, then it hits me, every time I see Power Limit on GPUz, the Core Clock is going down to keep the card "under" the limit, which is why I'm not seeing 2100+ throughout the test, I think to myself, there's 24GBs of vRAM on this thing, maybe try underclocking the vRAM & see what happens...
Sure as the sky is blue. At -250 vRAM, +210 Core, in Port Royal, Power Limit is still dinged in GPUz, BUT... the Core Clock is hitting 2070-2085-2100-2115 the whole test.
So something to do specifically with the voltage or power draw or a combination of the two, of the GDDR6X, is what's actually causing the issue on these cards of not being able to hit clocks or the actual 500W power limit, as others have suggested in this thread, from the looks of it.
I'm genuinely curious now if I set those clocks in Time Spy if I'll actually see 500W of draw instead of hitting a hard wall at 480-493W. Going to test that next.
This gives me the sense that this is part of the problem Kingpin owners are running in to as well, since even on those, you can only adjust the voltage on the GDDR6X so much... Guess I'll find out when I get mine.
This really is a bummer because this card really seems like it would be a great overclocker if I wasn't being totally blocked from doing so by having to choose between core clock & vRAM clock since ones goes down if the other one goes up regardless of what I set.
The real question is, is this even something they can fix with BIOS updates or is this a hardware-side issue?
Is anyone else experiencing that specifically, where you set a GPU core clock & it doesn't actually hit & stay at it, if you're hitting power limit?