I use CPU-Z to check my settings after each successful boot, it runs much faster and gives you a condensed version of all the important information. If your memory is set at 1:1, there is no way value ram will get you any kind of an overclock. I don't know much about that board, there should either be a setting for memory dividers, or if there's not, use the memory speed selector to turn your RAM speed down to 333.
My board doesn't have a divider choice, in order to go 3:2 or 5:4 I need to turn my RAM speed down to 333, then adjust my FSB. When I boot into XP, I then use CPU-Z to tell me what speeds the RAM and FSB are running, as well as the divider. Takes a bit if experimenting but you can get a good OC with cheap RAM if you take the time to experiment, and take small steps.
I had my 2.8 running at close to 3.5 with cheap RAM at 5:4, too lazy to do the math but my memory was running at like 197. Couldn't get it to boot any faster than that.
Of course, some Geil PC4200 took care of that problem