The lowest available multiplier (that I know of anyway) is x6. So for the standard overclock of 200x20, you want at least 1200mhz ram. Of course it remains that you can generally overclock ram anyway, so it shouldn't limit you.
The 1600mhz is popular because 1600mhz c8 200x20=4ghz are really nice, round numbers. This is using a multiplier one higher than is required though, and since it's triple channel bandwidth is hardly limiting at any speed.
I hope this helps a little
edit: The above is only applicable to the x58 920, don't know what the multi on the p55 chips are