Just an update..
Its been over 24 hours running at 500mhz and it still seems stable. Not mining quite as fast, but better then the thing going down all the time.
Im actually using a 5k WATT 220v step up converter which is plugged into a 120v. I know its not ideal, but its what I had to work with.
If you are able to you might try it at some place that actually has the 205 volts I believe PSU say's it needs. A step up from 120v... might work and might get it started. But it was in no way what that PSU was made for.
So PSU might be fine, it just was not meant for your setup. You might look at like EVGA 1600 or something that was made for 120v.