Alright so I got those thermal pads in the mail today. I took it apart, removed the heatsink and old thermal pad, cleaned the VRM heatsink with alcohol and q-tips, and cleaned the VRMs of any residue with a dry q-tip. I put a tiny (like TINY) dab of CM thermal paste on each little chip, spread it around, put the new thermal pad on the heatsink, and installed it.
All tests done at ambient of 26C.
engine:1100 - mem:325 - fan:90% = core:63C - VRM:93C
engine:1200 - mem:325 - fan:90% = core:65C - VRM:101C
engine:1200 - mem:325 - fan:65% = core:68C - VRM:113C
Pretty damn nice numbers for the core! I'm still gonna lock the fan at 90% tho, and maybe shop around for an aftermarket VRM heatsink.
EDIT:
I remembered I had a bunch of old RAM heatsink from years ago. The stick on kind? There are 7 black little chips sticking out the back of my card right where the VRMs go, so I threw 7 of the little heatsinks on the back of the card. Then I wedged a scythe 120mm fan between my CPU heatsink and rested it on my 24pin power cable, blowing down on the heatsinks. Here are new results:
engine:1100 - mem:325 - fan:90% = core:65C - VRM:87C
engine:1200 - mem:325 - fan:90% = core:67C - VRM:94C
It's a little hacked together, and good luck trying to do that to a 2nd card in CF, but it works! I'm happy with that.
EDIT #2:
Here is a Pic to see what I mean:
EDIT #3:
I FINALLY got voltage control to work in MSI AB. I ran a bunch of tests, at all mV settings from 800-1250, and found my most profitable settings:
mV:1050 - engine:1050 - mem:375 - fan:70% = core:52C - VRM:64C - Speed:615MH/s - Power:140W