I went through the same problem a couple years back with insulation and whatnot. I went a bit extreme with the insulation per the guides and advice people gave me.
I sprayed the entire backside of the motherboard with Lacquer, then I used nail polish around the entire socket area. Then covered the entire block with foam insulation tape, http://www.grainger.com/Grainger/VIR...ion-Tape-4E309, basically making a little "house" type structure.
And as for tubing, I went with foam tubing insulation. I wish I still had pictures of my setup, I know they're somewhere. If i find them, I'll post them up. It looked like crap, but it did the trick I had the coolant at like -30c all day.
Edit: Found the pictures.
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