Cool and Quiet will naturally draw the CPU down to lower power states to match the workload in an attempt to save power. The lowest power state is a 7X multiplier, which is where the CPU will sit when the workload is minimal.
If you are observing the CPU dip straight from the 20X multipler, down to the 7X multiplier while the CPU is under a continuous load, that is the motherboard throttling to protect the VRMs from overheating. (This is unfortunately how Gigabyte boards throttle on this platform to protect themselves). The best way to eliminate this would a combination approach.
1. Install active cooling over the VRM heatsink on your motherboard...
Like this:
2. Set voltage controls for the CPU to manual and begin tweaking downward to find the lowest stable voltage you can run at, this will reduce power dissipation and help prevent throttling. I would encourage the use of offset mode in order to preserve the full functionality of cool and quiet. (The reduced power states of cool and quiet can effect both multiplier and voltage, but only if voltage controls are set to offset or auto, in your case, you'll want to fine tune an offset).