Probably you should but it shouldn't be a problem either way. Those settings worked fine with my original BIOS which way older than 10.5, A2. The only thing is that my older OC profiles wouldn't work with the newer BIOS so I had to create new ones for the updated BIOS.
Download the BIOS file from MSI's website. Preferably 10.6 even though there is a 10.7. I can't guarantee that it will work if it isn't of the same BIOS version. Place it in a thumbdrive and update(right side, middle) it through the BIOS, there is an option where it asks you if you'd like to update from a single file. Cstates is on auto, CIE enabled, don't quite remember them.
The downside to an MSI motherboard is that it doesn't support offset voltages so it will have a fixed voltage value that you've set.
Here's another OC profile that suits the 4.2GHz@Stock, just made it. I did a brief test with CPU-Z and Prime95 and it ramps down as per usual. No guarantees on stability at those settings, don't have much time to actually test it thoroughly.