New info.
I connected the junk OEM FSP 300w to the motherboard and CPU (24/8) and left the Antec powering the GPU and HDDs. When running all types of benchmarks, the voltage stayed at 12v (11.986) and only went as high as 12.056v. When I use just the Antec and run a CPU only benchmark it stays at 12v, but when running a GPU heavy benchmark it drops into the 11.75v range. Time to replace?
This unit was bought new in 2011 and used to power a Phenom 2 x4 B50 (145w) and an HD 6870 until I picked up that PC on craigslist for free because dead (just bad motherboard) and put the PSU to work in my PC. So I guess the capacitors could be aged?