For those who are concerned about undervolting: don't be.
Every CPU that comes off the production line is unique. Some require more voltage to run at a given clock speed, some require less. Intel sets a limit for what is the worst possible performance it will accept and then (to oversimplify a bit) it feeds every CPU that voltage. Does it work? Great, you've got a CPU that's ready to go to market. Does it not? Then you've got a dud (or maybe they can test it again successfully at worse settings and sell it as a lower-spec CPU).
So, one CPU might need 1.28v to run at 4Ghz, while another might be able to do it at 1.20v or even lower. It's all just the luck of the draw. But Intel doesn't check each CPU individually and have each chip ask only for the voltage it actually needs, they all get the same voltage whether they actually need it or not.
So, Intel has configured each and every one of these CPUs based on what it considers to be the worst case scenario when it comes to voltage. It has to do it that way to ensure that the crappiest CPUs can run stable.
But unless you've very unlucky, the odds are that your CPU is not one of the crappiest CPUs that came off the line, so it can almost certainly run just fine with substantially less voltage than what Intel uses as the default.
The only real risk involved is data loss: until you are absolutely certain you have attained a stable undervolt, you have to behave at all times as if you computer could crash and reboot at any moment, because that's what'll happen if the voltage is insufficient.
I've been running a 7700HQ at a -0.125 undervolt for months now and it hasn't crashed once. And that's just laziness on my part: -0.125 was the first value I tried. It worked. It lowered the temps appreciably and I couldn't be bothered to find out if maybe -0.130 or even -0.150 might be stable, because my temps on this machine never get much above 70C anyway.
Point being, undervolting is not bad for a CPU. Quite the opposite, really, since anything that helps the CPU to run cooler will prolong its useful lifetime.