It's actually very common. The Epox does not undervolt, it actually overvolts to a degree, though not too bad. Almost every board I've ever used has the voltage readings change, at least a little bit, when the CPU is under full load, and it's not really a problem unless the variations are large, or stability problems result. The Epox 4G4A+ I have is actually one of the most solid boards voltage-wise I have ever used. It uses a new type of much smaller and more efficient MOSFET, and the voltage regulation of the board is very good.
However, if you don't want to take my word for it, please look
here for proof. I have my 1.6A @ 2.56ghz, 160mhz FSB, and DDR400 with a 350W Antec PSU. If you look at that screenshot of my desktop while running Prime95, pay attention to the Vcore reading. I have it set in the bios @ 1.6v, but at idle it gives me 1.63v, and under full load, it only drops to 1.62v which is excellent in my opinion.