xflowpipe :
I have a FX 8320 running stock speeds with a Hyper 212+ and my temps are around 35C idle and 50-55F full load. I applied all of the paste the cooler came with all over/spread. If you are using something like Hwmonitor, make sure you are not looking at the wrong values. My northbridge gets really hot (because Ive touched it under full load) so most likely the number you are looking at isnt the CPU....
You should only use no more than about 1/3 the size of a pea on your AMD CPU, either on the CPU or the heatsink, not both. It does not take very much.
I have an Intel i5-3570K and was testing at 4GHz today.
I just happened to be running a system stability test that run the CPU and I took a look at my temperatures using AIDA64 Extreme Edition after 3 hours and 17 minutes [CPU load is 100%].
My maximum CPU core temperatures were 50, 50, 50C for the first 3 cores and 46 degrees C on the 4th core, room temperature was 21.7 degrees C. You can see that this is a difference of 28.3 degrees C maximum from room temperature.
This is on air, not water [cooler is Noctua NH-C14 140mm x 2 SSO CPU Cooler - with stock fans]. The rest of my system specs can be found by hovering your mouse over my avatar.
I can tweak the CPU a little more to see if I can get temps lower, I do that on occasion. When I get tired, I quit and wait to tweak later, and not often.
Also, the Northbridge has been removed on my motherboard, most of the NB operations are done inside the i5-3570K. There are 5 cores inside this CPU, one is a GPU, with NB functions being done in the CPU/GPU die, this makes the CPU/GPU package even hotter.
I know you have an AMD CPU using water, however, this is the only thing I have to compare with at the moment, and should indicate what the proper TIM and how to use it on a CPU cooler can do.