The throttling problem that the Lenovo Y510P and Y50 have has nothing to do with heat. Lenovo decided to disable Intel Turbo Boost when the GPU is active such as when gaming. Depending on the game or application you are trying to use, this can significantly reduce performance.
How do you have ThrottleStop setup? This program was specifically designed to help with various throttling problems. Post a screenshot if you need help. It should look something like this.
http://i.imgur.com/3IogLVd.png
This program is only recommended for use when you are plugged in. If you are getting poor performance when on battery power, do not use ThrottleStop to try to force the issue. You could end up permanently damaging your battery. They do not make batteries powerful enough to run an Intel Quad Core i CPU and Nvidia GPU at full speed at the same time. They usually both throttle to protect the battery from catching on fire.