Some advice to the OP... since some are voicing their words quite strongly...
1) research
2) get to know your hardware
3) read that overclocking guide that's stickied
4) you get what you paid for (referring to your usage of stock heatsink)
If you believe that your overclock is less then par, then by all means get rid of it. In exchange, you should get the fastest mo-fo CPU out there. You were aiming to gain some additional speed. But you jumped into the pool without checking to see if there's water in there. Make sure you do your homework and then try to diagnose the problem there. If you haven't figured out the problem, post here to inquire using the other posters' suggestion and we'll try our best to help out.
I'm not one who specializes in overclocking a hardware to its absolute limit. But even I gained some decent boost in speed just from a modest change. And its success is all due to the fact that I read up on people's experiences, suggestions, and insights. Today's CPU isn't your typical Celeron 300A anymore. Voltages, HyperTransport, DRAM timings, clock timings, and RAM dividers, they're all going to make your head spin. But knowing them will help you learn and unravel some of the mysteries of A64 overclocking.