This is the problem with the new AMD naming scheme;
An XP1600+ does, indeed, run at 1400Mhz. If you run it at 1600Mhz, it will get very hot very quickly, unless you have vast arrays of fans in your case, and a professional standard cooler. If your PSU is not at least 350W, you will also have issues.
The reason it dropped back to 1050Mhz is because that is the BIOSes default; It will run the CPU with the correct multiplier (10.5, in this case), but an FSB speed of 100Mhz.
If you want to overclock your Athlon XP (and have decent cooling mechanisms and quality RAM), just increase the FSB speed (gently and incrementally). I got mine running quite happily at an FSB of 152Mhz (=1596Mhz). I only changed it back to 133Mhz because it started getting a bit too warm when I burned CDs. I must say I didn't really notice a great deal of performance difference - just different numbers on POST.
I hope this helps CitrixEngineer@yahoo.co.uk