DDR3 modules can transfer data at a rate of 800–2133 MT/s using both rising and falling edges of a 400–1066 MHz I/O clock. Sometimes, a vendor may misleadingly advertise the I/O clock rate by labeling the MT/s as MHz. The MT/s is normally twice that of MHz by double sampling, one on the rising clock edge, and the other, on the falling. In comparison, DDR2's current range of data transfer rates is 400–1066 MT/s using a 200–533 MHz I/O clock, and DDR's range is 200–400 MT/s based on a 100–200 MHz I/O clock. High-performance graphics was an initial driver of such bandwidth requirements, where high bandwidth data transfer between framebuffers is required.
It's actual speed is 800Mhz, which is it's I/O speed. It's MT, or Megatransfer speed is 1600. Which is why it's rated at 1600.
The 800Mhz that it is on, is the best for that ram, stock.