Oh, that's excellent information. I never did really look deeply into this (see: I'm the GPU guy, not CPU), so I was also quite curious about the high current maximum. Because I did the math and couldn't see how the CPU would ever need 500A or whatever the default was. In fact, I was thinking that with a power limit of even 350W, amperage would be well under that level since voltage was above 1.0V.You took that current limit and computed voltage using the PL2 power spec, but we know that CPUs can go well beyond PL2, for up to 10 ms. This is known as PL4. For the i9-13900K, PL4 is actually 420W. If you divide 420 W / 307 A, you get 1.368 V.
So, if the current limit works like PL4 (i.e. as an absolute threshold that you cannot go beyond), then that's the power value it should be computed against.
But that's because I didn't remember the PL4 bit. 1.368V * 307A = 420W. And thus, with my max setting of 325A I'm still hitting higher than 'stock' settings, but probably not exceeding it so badly that my CPU crashes. And of course, limiting the voltage just a bit can pay big dividends as well. 1.3V for example would mean 5% less power, and that might be enough to also prevent a crash.
I still think a lot of this comes down to Intel pushing 'stock' settings much further than it used to, and then motherboard vendors also pushing things just a bit further as well. Back in the day, like 20 years ago, it used to be pretty much a given that Intel had about 20% more headroom in a lot of its chips (for clockspeed). People getting 50% and even 60% overclocks was possible at one point (Celeron 300A being a prime example). These days, it's probably less than 5% on the 13900K and 14900K.