i am also using same kernel...dont have any setcpu profiles made at the moment but wanna explore, for better battery life ideally...any recommendations? Also, are all your profiles set to conservative??
The two I have are probably the most common. I've also added > 43 C - 245/756. That one has the highest priority, with charging after that, and screen off last. That is probably the most common profile setup. Under those conditions, if the phone gets too hot, it will underclock, no matter what other conditions are met. Otherwise, if the phone is plugged in, there's no reason to care about battery life, so it can overclock even if the screen is off. Once you unplug it, though, and the screen is off, it will underclock.
Other common profiles are ones used to scale the maximum frequency down as battery life goes down. If you're going to do that, you want to set the priority in reverse. That means, that the profile with the lowest battery life has the higher profile of the other battery level profiles. Those should all have a lower priority than the three I've listed above.
If you want more information, read
this link. Just remember, if you're going to use the smartass governor, don't use profiles. They'll conflict. Also, if you use HAVS, you'll probably be better off using only those first three profiles I mentioned. Most people report worse battery life with other profiles. You'll have to try it for yourself. In theory, though HAVS and profiles shouldn't conflict. HAVS deals with variable voltage, while profiles deal with variable frequency.
EDIT: Oh yeah, and all profiles are set to conservative (frenchy's reply reminded me

). Really, there's no good reason to use a different governor for other profiles, except in a few conditions. For example, when the phone is plugged in, there's no reason to care about battery life, so you can set that to use the on-demand governor. That will give you slightly better performance while the phone is plugged in. I don't use my phone while it's plugged in much, and when I do, I don't really need the performance boost, so I don't bother. It's all a matter of trial and error to get everything exactly how you want it. There are just too many combinations to list here.