I would run the 6950 BIOS. The 6950 is not the same PCB as the 70. They have different resistors, caps, and memory chips. Memory IC's are rated 5Ghz-1.5V on 6950 and 6GHz-1.6V on 70. Just because the card boots with a 70 BIOS doesn't mean it should or will be OK, these are sensitive components. And GDDR5 memory IC's are very, very, sensitive to V.
There is just no real advantage to running the 70 BIOS, so why risk it? Use the shader hack on your own cards 50 BIOS to unlock the shaders, raise V with AB or RBE and overclock as normal. 50 stock V is 1.1V (some are 1.06V), 70 is 1.175V (some are 1.15V). Performance clock for clock of 70 vs 50 hacked BIOS is nearly identical and mostly within the margin of error.
Here is the tool to unlock your cards own BIOS (shaders). You use the BIOS that is on YOUR card and run this tool to hack the shaders, then put the very same BIOS back on the card. There is a README in the download. Credit to Wizzard and rui0317:
http://forums.techpowerup.com/showpost.php?p=2137760&postcount=381
Here is the latest AB Beta. Works well with PowerPlay on 6900's (remember not to use V monitoring long term):
http://forums.guru3d.com/showpost.php?p=3869764&postcount=1
Here is latest RBE if you want to set V in BIOS (although no real need if you use AB). Careful though, all you can change right now is the GPU V registers, nothing else:
http://www.techpowerup.com/downloads/Utilities/RBE/
EDIT: I should note...Personally I only flash BIOS from Real DOS (ATiFlash on a Boot Disk) but if you must use WinFlash I understand it is important with these cards to Power Off the system then unplug power for a minute after the flash is complete. Those that use WinFlash say this results in a better flash. Also because you are re-installing the very same BIOS on the card it is not necessary to remove-reinstall the driver (unless of course you are coming from a 6970 BIOS).
EDIT 2: As some always have problems with flashing, here is IMO the best way and the only way I know (never use WinFlash). Every PC enthusiast should have a DOS bootable flash drive on hand anyway so here goes.
1) Use this to make a bootable USB flash drive:
http://files.extremeoverclocking.com/file.php?f=197
2) Then add AtiFlash version 3.84 (for 6900's) - (atiflash.exe) to the root directory of your flash drive:
http://www.megaupload.com/?d=625CFY0V OR
http://radeon.ru/downloads/bios/util/atiflash/
3) You may also need to add atiflash.chg to the root directory of your flash drive from here:
NOTE: only add atiflash.chg from this download, not atiflash.exe or it will over write the version 3.84 you just added.
http://www.techpowerup.com/downloads/1731/ATIFlash 3.79.html
4) Boot to your flash drive (All mainboards are different so you'll have to figure on your own how to boot to your flash drive) and run "atiflash xx xx" (XX = same commands as WinFlash). The whole process takes 2~3 minutes and is foolproof. No need to power down your PC after flash, just reboot.
NOTE: If you are flashing a 6900 for the first time, the EEPROM is locked and will need to be unlocked first before flashing. If not unlocked you will get an error of some sort to that effect when trying to flash. Just run "atiflash -unlockrom 0" for a single card and/or "atiflash -unlockrom 1" for the second card OR if you have a single card in the lower slot (0 or 1 only designates the physical location of the card on your board). If you're not sure what postion your card/s is in " atiflash -i " will tell you. In the unfortunate event you need to RMA your card you will need this command to re-lock the EEPROM after putting the original BIOS back on, otherwise someone looking could tell the BIOS was tampered with. Same as above, only "-lockrom". If you ran Wizzards 6970 WinFlash script your EEPROM would have been -unlocked without you knowing/noticing.