Neither of your memory selections appear to be on the QVL for the board.
http://download.gigabyte.us/FileList/Memory/mb_memory_ga-z97mx-gaming5.pdf First recommendation is to use approved RAM.
CPU is the next determining factor. If Devils Canyon (4th gen) I'd stick with approved CL9 (1333/1600Mhz). We have seen plenty of reports from folks who have upgraded to 5th gen (Broadwell) BIOS using a 4th gen processor and they've had problems. Primarily with core voltage and stepping (clock speeds)
You case however, is probably the RAM. I'd try manual settings with the 1600 CL10 that you have and see if you can get the system to detect it properly . If you want to experiment more, you can try with the 2400Mhz ram, but it will require that the CPU be over clocked slightly.