You can always get aftermarket heatsinks that use double sided thermal sticky pad and use that on the VRM's etc, but as you won't be pushing higher than default current or voltage through those VRM's, it shouldn't be a problem.
Boards are rated to take the abuse from the largest cpu allowed by bios and thats going to be an issue with 3rd party OEM boards. Many bios only allow certain cpus, generally the ones that came with setup, so while that Dell t1650 came with a Xeon 1280v2, it might also not recognise any consumer cpu greater than a i5-3570, regardless if it's lga1155 or not. Unless you can custom bios, it might preclude use of either of the K cpus and possibly the i7-3770. HP and Lenovo can be even pickier on what cpus are allowed by bios.
So while knowing which is better is a valient goal, actually figuring out which one will work for your purposes might be a better place to start.