First, if you're new to WC, I'd suggest you stick with plain old WC. No point adding more stuff you're unfamilliar with in your first attempt.
WC comes with its own set of troubles, and a powerful TEC like the one from swiftech will just compound all your troubles. Its meant to be low maintenance, but so is a computer, and we know how "low-maintenance" a computer really is.
What I really suggest if you want to have a good watercooling system, and don't want all the hassle that comes with it, the Swiftech Apex Ultra+ is a good kit. Actually, its the best kit out there imo, and only a select few waterblocks from other companies would do better. And not much better at that.
Don't bother with any of the Thermaltake/Corsair/Gigabyte waterblocks/kits. A good aircooler would outperform most of them, or perform very close to it. Really not worth your time and money.
If you're now interested in Swiftech's WC kit, be prepared to get a really huge power supply to power it. It comes with a 225W peltier, which means if you were going to get a 750W power supply earlier, you've got to start shopping for a 1000W power supply now (technically, 970W).
You'll also have to worry a little about condensation on top of pipe leakage. Both can be avoided with proper installation techniques, but they can still happen nonetheless. And the damage from either is not as disastrous as most people would believe (ffs, its only 12V running through your system, not 12,000V. But still, POSSIBLE permanent damage, not CONFIRMED)
