Rev1 and Rev2 are different chipsets I beleive, the rev2's will run tighter(lower timings) and will run at a little higher speeds. But the current max ram speed on this board is 240mhz so your rev1's should easily hit the limit for this board.
Speed and timings are both important but finding a balance is not difficult on this board because of the 240mhz limit. You just run your ram as close to 240 as possible and use the lowest timings that your ram will support at that given speed. The most important number in your timings if the first one 2,2.5,3 the next three don't matter as much, so set to 3 and work backwards to find your best timings. You can also use the Auto mode, it generally keeps the timings as close to SPD(default) as possible. The SPD on my rev2's are 2-2-2-5 @200mhz, I'm currently running Auto mode @232mhz and it gives me 2-3-3-5
And on volts you should be fine up to 2.8 over that your on your own