Go lower, say 240 and test with the tests as said before. Once again:
1. Prime95 will test your chipset and CPU. If it fails it means your CPU cannot take it. You do not need to increase the voltage of the CPU if it passes Prime95, there are no benefits of doing so.
2. MemTest86 will test your memory in small blocks, meaning the quality of your chip but it will not tell you anything about the stability of the system.
3. 3DMark2001SE will test overall stability of your system, memory compatibility, and large block usage of memory.
Also monitor the temperatures of the CPU. At some point that will degrade the performance due to the temperature guards of the CPU. You must monitor the temperatures since that will among other things tell you whether or not your cooling is adequate.
You gotta go through that process slowly and metodically, no recipe exists for every system, only patience.
The three timings are the timings GEIL "likes," meaning 2-6-3-2 (aggressive), 2-7-4-4 and 2.5-7-4-4 (medium), and 3-8-4-4 (slow). Make sure to understand what every number means.
I tested a lot of memory on many systems and my personal opinion is that GEIL is the top memory on the market as far as Intel CPUs are concerned, short of OCZ Gold which I don't have so I don't know about it.
Another thing -- if you do not have adequate ventilation in your case you can forget about overclocking because that can mean sometimes more than 10C difference in the temperatures of the chipset, CPU, and memory.