I think I got it working for me, with 2.1.6, after lots of tries:
1. Install 2.1.7 and reboot.
2. Go to a 2.1.6 CoolBookController, right/control click on it and choose "Show Package Contents".
3. Navigate to Contents/Resources, and there you'll see CoolBook2SL.kext.
4. Right click on it and again choose "Show Package Contents".
5. Navigate to Contents/Mac OS
6. Open a new Finder window and go to /System/Extensions
7. Find CoolBook2.kext, right click, "Show Package Contents".
8. Navigate the new window to Contents/Mac OS.
9. Drag the other CoolBook2 to the one found in /System/Extensions and replace it
10. Open Terminal and type sudo nano /System/Library/Extensions/CoolBook2.kext/Contents/Info.plist (you'll be prompted to enter your password)
11. Look for CFBundleVersion, on the row below it should say 2.1.0, edit it to say 2.0.9
12. Press ctrl+x to save the document (press y to confirm saving).
13. Now the final thing that needs to be done is to reset the ownership of the kext.
14. In the terminal type sudo chown -R root:wheel /System/Library/Extensions/CoolBook2.kext/
15. To make sure it reads the updated kext type this in the terminal: sudo touch /System/Library/Extensions/
16. Reboot.
17. Open the 2.16 CoolBookController, with it you should be able to set voltages correctly.
To confirm that the voltages actually are working open Terminal and type:
sysctl -a | grep coolbook2
Look for the lines
kern.coolbook2_vid
kern.coolbook2_ctl
The first is the current voltage and the second the CPU frequency. If they match what you had set with CoolBookController CoolBook is working as it should