no. all that does is keep it at the maximum 1.175v "boost voltage" instead of dropping. these cards throttle up and down all the time depending on load, temperature, power consumption, they are a real ah heck to overclock and keep at a stable MHZ. I found it to be worse and more unstable with the latest driver release. the 310.70 drivers seem to be pretty good, stable, allow better overclocks than the newest 310.90. EVGA precision X was a pain in the arse for me, it looked pretty though. I found MSI afterburner more practical for monitoring your power, voltage and mhz stability, and offers the same overclocking performance.
Back at OP, have you checked if it crashes at stock clocks? I found the best test for me was 3dmark11. If i had an unstable overclock it pretty much crashed straight away in the "Graphics Test 1". I found ram on these cards to be overclocked by 300mhz quite easily, but as is usual in overclocking, dont increase too much at once. Start with 20mhz increase on the core clock, the 660 can get unstable very quickly. Work up to a point which is stable, then you can look at BIOS mod and overvolting to get more stability. I played around a bit with the bios mod and got 1230mhz stable at 1.1875v. Reading through some morums not many people have played around with voltage on these cards yet, but apparently the upper limit is 1.21v, but im going to wait for someone else to run it 24/7 at this voltage before calling it safe. Its fast enough for me as is anyway.