Cyclone V speed is much slower

Here is the summary from the timing report

+-------------------------------------------------------------------------+

; TimeQuest Timing Analyzer Summary ;

+--------------------+----------------------------------------------------+

; Quartus II Version ; Version 13.1.0 Build 162 10/23/2013 SJ Web Edition ;

; Revision Name ; F ;

; Device Family ; Cyclone III ;

; Device Name ; EP3C40Q240C8 ;

; Timing Models ; Final ;

; Delay Model ; Combined ;

; Rise/Fall Delays ; Enabled ;

+--------------------+----------------------------------------------------+

The max speed is 127.98 Mhz

+-----------------------------------------------------------------------------------------+

; Slow 1200mV 85C Model Fmax Summary ;

+------------+-----------------+---------------------------------------------------+------+

; Fmax ; Restricted Fmax ; Clock Name ; Note ;

+------------+-----------------+---------------------------------------------------+------+

; 127.98 MHz ; 127.98 MHz ; myclk|altpll_component|auto_generated|pll1|clk[0] ; ;

; 167.22 MHz ; 167.22 MHz ; PLL1IN ; ;

+------------+-----------------+---------------------------------------------------+------+

With the exact same design recompiled for Cyclone V

; TimeQuest Timing Analyzer Summary ;

+--------------------+----------------------------------------------------+

; Quartus II Version ; Version 13.1.0 Build 162 10/23/2013 SJ Web Edition ;

; Revision Name ; F ;

; Device Family ; Cyclone V ;

; Device Name ; 5CEBA4F23C8 ;

; Timing Models ; Final ;

; Delay Model ; Combined ;

; Rise/Fall Delays ; Enabled ;

+--------------------+----------------------------------------------------+

The speed is 84.47 Mhz using Quartus ii 13.1

+---------------------------------------------------------------------------------------------------------------+

; Slow 1100mV 85C Model Fmax Summary ;

+------------+-----------------+-------------------------------------------------------------------------+------+

; Fmax ; Restricted Fmax ; Clock Name ; Note ;

+------------+-----------------+-------------------------------------------------------------------------+------+

; 84.47 MHz ; 84.47 MHz ; myclk|mypll_inst|altera_pll_i|general[0].gpll~PLL_OUTPUT_COUNTER|divclk ; ;

; 218.72 MHz ; 218.72 MHz ; PLL1IN ; ;

+------------+-----------------+-------------------------------------------------------------------------+------+