I removed the Control Panel entry and is back to the above settings playing the game.
Zooming in gives my a FPS at 282,93, 95% GPU usage and temp risen from around 50 degrees C to around 80 degrees C. My cpu fans start spinning and a high pitched sound is heard from my pc. I'm not really sure if its the two fans or the card that starts the high pitched sound. Moving the map around goes ok, with a little stutter and the FPS going all over the place, from 30-290. Stopping the game and going back to Windows sets the GPU temp to 46 degrees C.
So I really liked the control of my vsync better when the game respected my setting in the in game settings
I'm back to control it with Nvidia Contol panel so I can play with out overheating my GPU.
Please let me know if I can be of any assistance!