basically you take the number its running at, times it by 2 and that gives you the rams speed, i.e. 535x2=1070MHz, which although isn't 'full speed' is fine.
Thanks a lot for your answer! The most important thing is just that it is fine, and if not perhaps optimal it is still normal. I might later do these BIOS adjustments you mention, but for the time being I will keep it default.
Thanks for just clearing that up.