True, but it's still unsafe and bloody dangerous if you don't know exactly what you're doing. Wouldn't recommend it to anyone without extensive hardware knowledge and at least some experience.
Base clock doesn't just affect the CPU. It is often the base clock for much of the system. You can kill RAM, SATA connections, and the entire motherboard by playing with the base clock.
I'm running an X58 motherboard with a base clock at 165 MHZ. Just as long as you reduce the memory multiplier, your fine. This chipset is designed for this type of overclocking.
Agree with everything except the ram part, it is true that now most ram can tolerate voltages that high, but the buckconverter that feeds them in your motherboard may not, so always check mosfets temp.
Not really, what kills CPU is heat and voltage. By messing with the baseclock at worst you will end up with a unstable system since a lot of other stuff relies on the baseclock however this isn't the case for Skylake which is very nice Provided you don't increase the baseclock a ton since the baseclock times the multiplier equals the speed of the cpu and speed plays a part in determining heat output and power usage you won't kill the CPU if your system which would include the motherboard, cpu cooerl, and psu can handle overclocking. When it comes to overclocking voltage is what you have to be careful with since it doesn't cause a linear increase in power usage/heat and grows exponential the more it raised.
I'd consider replacing that i5 750 with a newer i5 4460 or i5 6xxx series, with whatever clock speed is affordable. You'd gain much more than just an unstable OC'ed system. At only 2.6ghz, that i5 is surely feeling dated, and with the new FPU improvements in the last few years to 4xxx series and up intel cpus, and upgrade is a much more recommended course of actions. If you had a 2xxx series (which I do not believe is board-compatible), I wouldn't recommend upgrading, but with the chip you have, upgrade. It would by chance be a bit cheaper to stay with ddr3 system stuff on an intel 4xxx series chip upgrade, but you could jump to a ddr4 system on intel 6xxx series if you have the money. If you don't have the money, save a bit, try to wait for AMD to release ZEN and that should drop the cpu prices a bit from both manufacturers within the first 30~60 days of release. Scheduled release is Q1 2017. Beam loves clockspeeds, a LOT. Beam also loves 4xxx series and newer intel cpu FPU units, where the physics maths is all done up. These newer FPU's inside the cpu are twice as big as the 3xxx series and older chips, and give much better FPS for AI-heavy or Physics-heavy processing. DO NOT buy an FX or APU series AMD chip to run Beamng.drive on. You will be sorely disappointed. I upgraded from an AMD FX 6300 @ 4.2ghz, to an INTEL i7 4790k @ 4.4ghz, and the difference is night and day, this new system is TWICE as fast, even more than twice as fast on the FPU-side of things. Even a simple H81 motherboard with a 4670k chip (or non-k to save a few bucks), will go a long way in increasing frame rates on Beamng.drive (a 4690k will be able to give 60 fps most all the time with any vehicle). An H97 motherboard is recommended in place of an H81 if you've never done bios updates before.