Its safest to do bios mod because if cgminer screws up and doesnt apply voltages / clocks correctly , or it bugs out .. you have the hard BIOS clocks / mods there to back it up.
Ive flashed all my 5970's to 725/500/1v just in case cgminer freaks out. From there I have cgminer apply 760/300/1v settings on windows boot.
You could easily just flash to 760/300/1v(given my example/situation above) and not have to worry bout setting clocks at all after windows boots.
And yes, if cgminer detects a dangerous situation, it will still attempt to stop mining on the GPU, BIOS modding doesnt change that.
Also, if you care about the longetivity of ur card, I recommend not going over 1.05v PERIOD. It puts immense strain on one of the GPU's VRMs , usually leading to a VRM overheating situation, also the RAM can be damaged due to prolonged exposure of such high temperatures from the HSF.
agree. i'm happy where i'm at