Just a note that might clarify some things: on the Intel side of things, the memory controller is currently on the CPU, not on the motherboard. The reason it says OC next to those memory speeds on the motherboard specs doesn't actually have anything to do with the motherboard (right?). It's simply that the stock clock speed for the memory controller puts your memory at 1600MHz. Going over that is technically overclocking thay part of your CPU. However, practically speaking, the memory controllers are very robust and "overclockable", so it's a 99.999% chance that faster memory will work. However, the BIOS is always going to default to the "stock" clock speed, which is 1600MHz on the recent Intel CPUs.
Now obviously motherboard/CPU/memory manufacturers know this and want to make it a bit easier for the customer to get his memory running at the right speed. Intel made this thing called XMP. Basically, your memory will have a "XMP Profile" stored on it, which just contains it's correct clock speed and timings. Somewhere in your BIOS should be a setting to load the XMP profile from the memory and it will automatically update all the settings for you.