I didnt quite understand him on that youtube video was he only speaking about core voltage undervolting or he was speaking aswell for the power limit of the GPUs.
They are both pretty much the same. The max power limit just adjusts the voltage dynamically according to a percentage of TDP. The bottom line is if the card is not getting enough power for what it's doing, it will either ignore the setting or become unstable and crash. Neither of which hurts the hardware.