SR-71, I think the OP means that his ASrock z77 Extreme 4 stopped working and he wants to know how good the Asus z77-a will be as a replacement. I am in the same situation with my P8P67 having just quit, and Fry's Electronics (the only local place I have found with motherboards at reasonable prices) only has the Asus z77-A and a similarly low end MSI board in socket 1155.
Since I am overclocking, the Asus seems like the easy choice between the two boards described. The MSI doesn't have heat sinks on the VRM transistors (also 4 cpu phases), not to mention that MSI boards have quite a history of burning out VRMs because they lack overcurrent protection (not sure whether or not this model also lacks that feature, though). The Z77-A has overcurrent protection, which seems especially important given its relatively low-end VRM.
The Asus z77-a has almost as many OC options in the UEFI as my P8P67, so it is able to overclock... but with only 4 CPU power phases, it is more of a mainstream/budget board than a true OC board. That's my guess as to why it won't get my i5-2500 beyond 4.3 (@1.36v loaded) where my P8P67 got it to 4.4 at the same voltage. I think that getting within 1000 mhz of a 12 phase board is pretty impressive for a measly 4 phase (only talking about the CPU here, not the RAM and onboard video phases) board, though.