1. Yes, Auto on PBO means disabled, at least for Asus.
2. DONT set a constant voltage for your CPU, i got the same CPU and coming from Intel, i dont know why to be honest, but setting a constant or offset voltage will cause the CPU to draw alot more power above 120W, getting into 90s and throttle.
3. Higher Frequency doesnt mean better performance, as an example, set your VCore to 1.0v, you will notice better boost clocks but worse results in benchmarks and games, again this is different than Intel.
so i dont have enough time to keep testing, after reading and seeing many videos and tutorials, the best thing is to leave the VCore on Auto as when the CPU is idle or light load the voltage is around 1.4v-1.5v and thats how its designed, when boosting the voltage decreases to around 1.25v-1.35v, set LLC in Bios to the one in the middle and go to PBO setting and set Temp to the throttling temp you wish, i set mine to 75 as i dont like to see my CPU go above it.
this gave me great results while keep the CPU cool.