Liquid cooling is kinda of good for overclocking, and kinda bad. There is no cpu fan so unless your case fans are great i would lean away from it. I would never really get liquid cooling for anything myself. They never shown a improvement over a large air cooled heatsink like a cooler master evo. Most cases won't support such a large heat sink but that still not the deal with this guy.
If you have a swimming pool...
https://www.thebuehls.com/pool_cooling/
I've done measurements many years ago. Yes, CPU/GPU ran slightly cooler with an open case but hard drives (this was pre SSD) ran very hot.
No one should be using magnetic drives anymore unless it's for long-term storage or as a secondary drive. SSDs generate very little heat. I think my Intel SSD only uses something like 20 mW maximum power.
Had one fan taking the air out. Don't forget, if you give air lots of unfiltered access points, there's also more dust accumulation.
All PCs will gather dust, I periodically blow it out with my air compressor.