Leave it in WIndows Balanced Power plan...
Put everything else in BIOS at default/auto regarding CPU multiplier, leave turbo and Enhanced Speedstep, etc., enabled....
An XMP profile can be selected to run 3200 MHz RAM/timings, etc., but, initially, might want to make sure MCE is off (which it seems to be, as your CPU is only hitting 4.7 GHz vice 5.0 GHz...
The CPU idling down as low as 800 MHz is normal, it should only jump to 4.7 GHz (all-core turbo) under a fairly full load. (you can install/run HWMonitor to see what all cores are doing simultaneously)
Is/was your CPU under a heavy load when you saw 4.7 GHz constantly?
Can you remember what all settings you messed with in the BIOS? You need to set them back to normal/default/Auto, etc...; if behavior changed after you were tinkering in settings, and now abnormal clock speed behavior is shown, that is the likely cause.
With no browser open, no updates being downloaded, no Prime95 versions being run, etc.,normal behavior would be to idle down to as low as 800-1200 MHz, with brief spikes to 2000-3000-4700 MHz for perhaps a second as various tasks are being done and completed, or, until a heavy load is started...