For me, I run an offset of -0.13500 on my 14900k, PL1 & PL2 both 253W, ICCMax 400A.
I ran a test gaming in the Finals for around an hour, from memory my CPU averaged about 1.35V, max didn't see to go any higher either. When I first got my CPU I did a couple of benchmarks with unrestricted settings and I saw over 1.5V. That's when I decided to implement all of the intel default settings with the under-volt. Hopefully being prudent it will prevent premature CPU death! As it stands I get 95% of the performance versus unrestricted settings at much lower temperatures, voltage and power consumption.