I have had no problems whatsoever with NG 0.5 with 1200 kernal. But also when I change ROMS I wipe cache and everything else 3 times. I used to have problems when switching ROMS until I started wiping 3x. For future reference that might help.
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Whenever I have reboot issues I always make sure to wipe, in the past I've wiped 3x, didn't make a difference. The reboots are from heat, I ruled out battery, sd card, and a few other things. The question was why is it heating up so much.