Safe depends on your feelings towards load line calibration, the reason you're seeing no vdroop. The board is forcing it against intel spec, but this does let you set a lower vcore in the bios and feel all safe and content. I'd rather a higher bios setting and following intel spec, than a lower bios setting violating it, given that the load voltage is the same in each case anyway,
1.3V is well within sensible limits aside from this, you've got until 1.4V before any stress. I don't know what temperatures you're hitting, and I'm afraid the above benchmark means nothing to me at all. Is it acting as a stability test? If so you've done very well making it to 4.2 so quickly.