I made incorrect testing having incorrect assumptions. I have not studied freesync details, I believed that it somehow works but it does not. My monitor has freesync range only 55-75Hz, so freesync is pretty pointless with my monitor.
Nvidia pendulum demo application works perfectly and I was able to verify freesync works. I also created custom monitor resolution ans was able to override freesync range to 35-75Hz.
I will however not use freesync or any monitor overclocks due to ailing Radeon drivers, I will use everything stock to avoid crashes and system hangs.