Your card might not be liking the overclock due to the speed of your AGP port. You might just have a card that hates being run faster if the AGP speed is out of spec.
The only other reasons I can think of are inadequate cooling in your case, your card, or both. Try messing with your AGP aperature size, disabling vcache, bios shadowing and dropping AGP down to 2X instead of 4X. Might also want to install the latest 4in1 drivers if you don't have them already (4.35 is out... plus there is a separate AGP driver download dated 11/23).
Go to rage3d, download the registry tweak and give it a try. Different than powerstrip.
I've messed around with fastwrites and have to say I saw maybe a 1-2 FPS increase. Not worth the instabilities (as Rand mentioned) it caused.