According to Elmor the overheating emergency shutdown is initiated by Tctl, not by SIO CPU. This makes no difference concerning the problem, though, because the current Sense Skew defaults still prevent this from happening. A Code 8 happens shortly before emergency shutdown would/should happen and then keeps about 1.0 V Vcore applied to the CPU.
This is what temps look like on my 1800X when Sense Skew is used with default settings. This was screenshot short before a Code 8 happened (reproducibly):

And this is what temps look like in the very same situation when Sense Skew is disabled. These temps are real and emergency shutdown happened shortly after taking the screenshot:

As you can see from the CPU (Socket) temps the reported CPU temps in the first screenshot are very problematic. When the fan-curve maximum is set to 75C then the CPU isn't even fully cooled at this point, despite running well towards 110C for real.