You'll want to set the memory clock slower than the CPU bus in order to get a reasonably good overclock from the CPU, since you're limitted to PC3200. Most boards are giving you the actual CPU bus clock, but the DDR data rate, in BIOS, so 200MHz bus clock for both is usually listed as 200 CPU bus and 400MHz memory. To set the memory slower than the CPU bus, you'd choose the next setting down, which actually provides a 5:4 CPU:RAM bus ratio. The number used depends on the motherboard maker, they could call it 320MHz or 333MHz.
Starting with the CPU at 200 and the memory at DDR333 allows you to overclock your CPU from 200 to 250 while raising the memory from DDR320 to DDR400. That way your CPU is overclocked 25% and your memory is stock clocked.
But you probably won't get that high on stock cooling. The 2.8C should do 3.2-3.3GHz on stock cooling, so I'd try CPU at 233 using the previous mentioned memory setting.
You may need to raise CPU core voltage slightly.
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