At least with previous dual processor boards, the problem was that the reset was not performed exactly at the same time. So even if each processor was clocked from the same clock source, you could get inconsistent timing, if the RDTSC instruction was sometimes executed on processor 1, while in some cases it was executed on processor 2.
If you can figure out which processor is executing the RDTSC instruction, this is not a problem. In Windows NT you could set the thread affinity to a specific processor and execute all RDTSC instructions in that thread to get consistent timing.
The 1.19 MHz is used only by the QueryPerformanceCounter service on single processors systems. On multiple processor system, this service returns the TSC count.
Paul