Sorry, that 90% is just a vague number. It is actually (from the GPU Review link):
5850 has 72 (80) Texture units
465 has 44 (60) Texture units
So the 5850 wins there.
Also, the clock speed is higher, memory bandwidth is higher, pixel and texture fill rates are all higher on the 5850. Definitely go with the 5850 there.
Also, that PSU would be good enough as you require minimum 500W and it is 80+ Certified, though I would suggest having a little breathing room (600W+) in case you wanted to OC or upgrade later on.