I *was* using water cooling around 2008/2010 utilising a Levicom all in one dual 5 1/4" slot system including pump, water reservoire and everything.
In the beginning I thought it's wonderful. Unfortunately though this Levicom water cooling solution was poorly made, like for instance wood screws into plastics etc.. so over the years the plastic water reservoire got more and more cracks (you couldn't see these since they were covered still).
One day, all of sudden my CD drive kept opening it's tray... and I wondered wth that is.. - Opening up the case I already saw the mess: Water dripping all over the drives, and some must have gotten into the CD drive.
Uninstalling that thing I saw the massive cracks and gaps in plastics.. also discovered they had used the wrong screws for this plastic case.. oh dear.
Quickly got rid of it, cleaned the mess, dried the hardware and everything went on with air cooling. Until today. Never regretted going back to air cooling. It's cheap, it's reliable and won't mess up your hardware, in case of failure. - Also air cooling has become VERY quiet and effective over the years. - So, why bother with liquids? : ]