Here's some info. for those trying to dial in the right power to Gh/s ratio for the S5 that I've found through testing. The ratio is pretty linear for every step down in frequency from 350M to 312.5M, it's about 10 watts decrease in power draw and about 20Gh/s reduction.
freq. (avg.) (at 230v at the wall)
350M = 1,150Gh/s = 590watts (default)
343.75M = 1,130Gh/s = 580watts
337.5M = 1,110Gh/s = 570watts
331.25M = 1,090Gh/s = 560watts
325M = 1,070Gh/s = 550watts
318.25M = 1,050Gh/s = 540watts
312.5M = 1,030Gh/s = 530watts
So you can conclude that if you've got a 1,000watt power supply and you want to stay in specs. that you'll choose 293.75M for 2 S5's (281.25M or 287.5M for 110v) or if you want to keep it to a specific wattage use for $ reasons.
Nice table, thanks.
I noticed that a couple of my S5 "do not like" 318.25 when modified with much less loud Noctua 3000 PWM fan.
Temp goes paradoxically higher than at 325, so I stick with 325 for now (can't stand the stock fan).
Will try some other fans for overclocking later in the week.