It will work with the faster RAM. Technically going over DDR3 1333 speeds and going with anything other than 1.5v RAM will void your CPU warranty.
Every study I have seen shows Sandy Bridge CPUs work best with 1.5v DDR3 1600 cas 9. While that technically voids the CPU warranty I have run DDR3 1600 on my 2600K for over a year with no problems and I would say a majority of the people with Sandy Bridge builds on these forums also have DDR3 1600 and are problem free.
I would stay with the 1.5v standard for sure but in my opinion you are fine running DDR3 1600. Faster than that just has so little benefit that it's not worth the risk or the price.