Well, for what it's worth, my old system (mobo, specifically) died a couple weeks ago and I put a new i5 system together. Here's what I'm running -
Asus P7P55D Pro
Intel i5 750
4 x 2GB DDR3 1600MHz (G. Skill)
ATI Radeon 5770
DVD-ROM
DVD-RW
1 x WD 150GB (Raptor; 10,000rpm)
2 x WD 750GB (7200rpm)
1 x external (via eSATA) WD 1TB (powered separately)
SoundBlaster X-Fi Gamer
Too many miscellaneous USB devices -
Intuos tablet
cardreader
wireless headset
etc.
Windows 7 x64 Ultimate
I don't really overclock - it's not my thing. The only thing I do is that I wanted to run the RAM at full speed (1600MHz), which means you have to run that FSB at 160MHz.
Native settings for the i5 750 is 133MHz FSB x 20 cycles = 2.67GHz
Instead I run at 160MHz x 17 cycles = 2.72GHz
The Asus motherboard manages all that for you when you tell it to check the XMP settings on the RAM.
So I'd say that's pretty insignificant over-clocking..
But I digress....
The point is I'm running all that on my "old" (probably 2 1/2 years) Corsair 520W modular power supply.
I definitely had the same worries as you and wondered if I should upgrade to the Corsair 750W power supply.
When I first got everything running I started having crashes where the screen would turn weird wavy colors and then the system would restart. Of course I worried it was the powersupply. What was weird though was that it was fine when I was playing a 3D game (which of course would task the CPU & video card the most, therefore use the most power) - it would do it when I was just surfing the web and doing e-mail, which should be using 5% of the available resources. Then I did some reading and it seemed to be a problem a lot of people with the ATI 5770's were having. So I RMA'ed it and got a different one (different brand too, even though they're all basically the same ATI reference board) and since then, no issues. *Knock on wood*
I still wonder about it cause you're probably like me and want to KNOW if you need more and not just guess... Is my 520W supply pushing at 100% and just barely making it? I don't know. I wish there were some kind of real-time power analyzer for them that would show statistics as to how much capacity it's using so that you know if it's running at 100% and you need a bigger one...
I guess I'm gonna see if it stays stable for a couple weeks and if so, not worry about it.
If I get any weird crashes or anything, I might just ask for the 750W'er for Christmas just for piece of mind...
Not sure if that helps, but there you go...