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Would i need a new PSU for these new parts?

What about the CORSAIR HX Series HX750 ? Would that handle a decent overclock of an 8350 to like maybe 4.5ghz+? I would also like some headroom just because i always like to have some breathing space for the future. Do any of you guys possibly have any other cheaper, but quality recommendations? Also, is it bad to have a psu too for the system wattage draw? Like if your rig uses up only 500 watts and you have a 750 or 1000 watt psu is it bad? I could imagine not since not all the power from the psu is being forced through the system, right, the system takes what it needs from the psu, right?:lol: