Ok well it depends on the game.
In crysis warhead it needs 930mhz or so to start matching the 5850 (still a little behind) but thats still behind a stock 1GB card.
In battleforge the 756mb and 1GB are closely matched.
In BF bad company it needs that 930mhz again to get close to the 5850 and is close to the 1GB model at 840mhz.
Ofc if you properly overclock an HD5850 it will wave goodbye to the 460.
Trouble is getting hold of a reference voltage tweakable 5850 though. Also they're around £230+ when available, so a sizeable (£43) chunk more. Which for me (plus Physx), swings it for the 460.