I dont know how the total AMP's are calculated of combined rails on a PSU. As you can see on the Enermax Liberty PSU, link above, you can see that its; +12v1 22AMP, +12v2 22AMP, =32Amps. Thus you have 32A for your system to use, constant current suplied, much better then 17A for your system.
And set your DDR voltage to 2.1v in bios.
Ill get the manual for you mobo and see what settings you have in there.
Is your mobo just "P5LD2" ? Or is it SE, Deluxe, V, VM-SE, VM-DH??
Edit;
Ok, your mobo is pretty straight forward.
AI Overclocking - Manual
Set your Dram Frequency to 800 or lower, and keep it under 800.
Set your ram to 5-5-5-15 ( use that for now to find max CPU FSB)
PCI Express Freq - 100
PCI Clock Syncro Mode - 33.33
Memory Voltage - 2.1
CPU Core Voltage - 1.36v,
Hyper Path 3 - disable
Peg Root Control - Disable.
The rest set it to auto.
If you have stability issues as your raise FSB, raise your voltage as needed, if its still unstable, then check your temps, stay under 40c Idle, or under 60 at max load.
And if things are still unstable then time to get a new PSU.