Are My Gaming PC's Specs good

CPU / Processor Cooling Fan: Asetek 550LC 120mm Liquid Cooling CPU Cooler - Extreme Cooling Performance (Single Standard 120MM Fan)
Coolant for Cyberpower Xtreme Hydro Water Cooling Kits: Standard Coolant
Motherboard: GIGABYTE Z97X-SLI ATX w/ Intel GbLAN, 2 PCIe x16, 3 PCIe x1, 2 PCI, 1 x M.2, 1 x SATA Express, or 6x SATA 6Gb/s (Extreme OC Certified)
NFC: None
Intel Smart Response Technology: None
RAM / System Memory: 8GB (4GBx2) DDR3/1600MHz Dual Channel Memory (Corsair or Major Brand)
Video Card: NVIDIA GeForce GTX 970 4GB GDDR5 PCIe 3.0 x16 (Maxwell) (Single Card)
Power Supply: 800 Watts - Standard 80 Plus Certified Power Supply - SLI/CrossFireX Ready
M.2 SATA SSD: None
INTERNAL PCI-E SSD CARD: None
Hard Drive: 128GB SanDisk SSD + 1TB SATA III Hard Drive Combo (Combo Drive)
Secondary Hard Drive: None
Hard Drive Cooling Fan: None
External Storage: None
USB Flash Drive: None
Optical Drive: 24X Double Layer Dual Format DVD+-R/+-RW + CD-R/RW Drive (BLACK COLOR)
 
What CPU are you going to use? You listed the CPU cooler, but not the CPU itself. I would suggest an Intel i5 4690K, especially considering that you are getting a motherboard that is meant for overclocking and you are getting a liquid cpu cooler.
 
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