Just to add a little something - if you're interested in designing your own cooling systems for whatever application, then you could also consider what I suggested earlier: using heat pipes to conduct heat, and dissipate the heat further away from the source. This is what liquid cooling achieves "easily" (but with maintenance that comes with it), but you can also do this without any liquid.
This is how heat is dissipated in modern laptops, for instance. You can still use heatsinks and fans, or go fanless depending on the context. But the benefit is that the heatsink(s) and fan(s) can be put further away from the components to cool down, which would give you flexibility.
Actually, this is the main benefit of watercooling for computers IMO. Sure, the liquid has a good thermal capacity, but good heatpipes can be pretty close, without the hassle.