Dont see many ACs round here being the cold ole UK and all but i would be wary of doing that particular setup.
As soon as u go below ambient room temperature ur getting closer to the 'dew point', for example take a glass of cold water and place it on your desk, prolly within moments you'll have a build up condensation on the outside of the glass. the same might happen with ur watercooling pipes all the way into ur PC which might drip, not sure if that might happen in your case cos of the complexities of the 'dew point',but something to bear in mind(condensation played a big part in me ditching my T.E.C project).
im guessing what ristogod ment by DIY was that it consisted of PC waterblocks, coupled together with construction sourced pipes,pumped with a 110/230v fish tank pump and ran through maybe a car radiator.
Things have changed slightly since then, same water blocks but more user friendly 12v pumps can be had for the same price as with specifically built rads that can be bought to fit your case.
i think u guys are over-playin the mixing of metals problem(galvanic corrosion) since the WC market has matured, true alot of water block bases are made of copper but the tops are mostly made of alloy but its anodised, effectively sealin it.
i thought most rads were brass? e.g. BIX and thermochill
anyhow, heres a good link with some sexy pictures of rust,water addatives to fix those problems and general advice in this area.
http://discuss.futuremark.com/forum/showflat.pl?Cat=&Board=techmodding&
Number=2131084&page=0&view=collapsed&sb=5&o=0&fpart=1