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Correct. For the latest driver some of the parameters might have changed names and, therefore, we all get somehow confused.
So forget about it, look at the W you have set in MPT and at the temperatures - this is what counts for me.
I assume that as long s the cooling of the card works well, there is no immediate danger. I just would not recommend to run a card at 500W in a 24/7 setting. I haven't seen any Buildzoid videos, but they have sufficient cards to run at higher risk.