If you set manual voltage the CPU receives that voltage constantly no matter if it could be idling or not. If you leave speedstep it will downclock the CPU when idle and reduce voltage...typically 0.8xxv at idle. that is why it is useful since it reduces overall voltage to the CPU over time and this lets your chip live happier for longer.
I reckon if you set a negative offset that the CPU can handle at idle your overall voltage over time would be lower than the way you have things set up now. but that's just me...there as many overclocks as overclockers;)
LLC at extreme is actually adding voltage not only countering vdroop and it is meant for LN2 cooling...
What is your load voltage in CPUz running a stress test? 1.072?