I have seen people use up to 1.6 vcore but that is with advanced cooling. I have taken it to 1.525 on my hyper tx3 but I would be uncomfortable using that as a permanent solution.
Most people seem to take 1.5 as the max safe voltage.
I think that you only need to increase the voltage on the NB if you experience stability problems - crash, BSOD, etc. The Auto setting is I think x10 on the multi so changing it to x11 should not be too much of a problem. I got it to x12 without changing the voltage.
I think the max temp is 62 C but the cooler you can keep it the better it will OC.