If you are deaf it's surely a good solution - otherwise, think again.
I did some tests with those water cooling solutions and yes, their performance is not bad. However, the H70 and the Antec 920 for example come with two fans which run at high speeds, which ensures good airflow through the radiator, but create an (in my opinion) unacceptable noise level.
With the Antec 920 it was necessary to have both fans at ~2200rpm (max. is 2500rpm) to keep a 5GHz Sandy Bridge overclock at ~80°C or slightly above, while 2500rpm brings you barely below 80°C.
Sure, if you compare the raw performance at max settings of the Antec 920 with a NH-D14 or Silver Arrow at stock, it's clear the Antec solution will win. If you like to have a system that sound's like a turbine, go for the Antec but said air coolers give you a solution that might be slightly weaker at stock, but you can actually work next to them without the need for ear protection.
However, using similar powerful fans on those coolers I highly doubt that there will be much of a difference between them and the Antec 920/H70.
In my opinion, if you already have on of the best air coolers at hand, it's better to save the money and go for the FX cpu without the water cooling solution.
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