What's more important: frequency, or latency?

ok, so i bought some ram with lower cas latency, but also low frequency. its at 1066mhz and has a cas latency of 7. which is more important for gaming, and why? would i see a benefit from 1333 and cas 8, or 1600 and cas 9?
 
ok, and something i noticed in the bios: the ram is stock rated at 1066 mhz cas 7 1.5v, but in the voltage controlls it has some setting that shows some voltage having to do with ram at 1.6v, idk what the name is and im at school. so, should i leave that alone? also, does overclocking the ram have a chance of hurting the mem controller in my cpu?
 


The conclusion reached in that post is incorrect.

Memory operations are interleaved across multiple DRAM banks. The increase in latency between DDR3-1333 CAS 7 and DDR3-1866 CAS 9 is the result of the real time latency (measured in nanoseconds) remaining constant while the number of bus cycles increases. The bus does not stay idle while waiting for a response, it uses a bank multiplexer to issue commands to other DRAM banks in the mean time. DDR3 has 8 banks per rank to work with with each DIMM typically having two ranks (one on each side). A good DRAM controller can easily keep the IO bus busy nearly 100% of the time as long as the latency remains below a certain bounded value.
 


It depends which microprocessor you're using. If it supports DDR3-1600 natively then go with DDR3-1600. If it does not support it natively then running it may require some fine tuning.
 
so, either the amd website graph is wrong, or my mobo/bios lie to me. however, i have run it at 1600 @cas 7, but it quickly crashed and i had to reset the cmos jumper.

EDIT: ok, i saw that it said that depending on the cpu/mobo it may support faster ram.
 


The native support for that microprocessor is only up to DDR3-1066. DDR3-1333 and DDR3-1600 may be obtainable with some fine tuning, but there are no guarantees.