I prefer my 4,8 GH/s@2,95mh/w (undervolted) vs 6,2GH/s@2,1MH/W (stock volt, OC) with my 0,18$ per kw/h earns me as much or slightly more with less heat and general hassle, unless my math fails me horribly :p
It's just a combination of undervolting and being able to run more cards/rig with the same psu without stressing the psu so it get's into low efficiency load area (keep them sub 75% of max pref).
I punched some numbers and at $.125 / kw/hr I earn less than my rigs undeclocked. At .0625 It is more profitable to leave them at stock voltage. You need to get the rig up, running, and plugged into a kill-a-watt to get some base numbers. Then plug them into a profitability calculator and see how it works out for you.