One thing I have learned about WC'ing, building the large setups I have built, is this.
It doesn't matter if you have a res or not. Its main purposes are:
1 - easy removal of air in the loop
2 - ease of filling IF its positioned for that in the case
3 - steady input of water to the pump for ease of startup
It doesn't matter how much water is in your loop as long as your loop is full. You can have a loop that holds a gallon or 1 that holds a quart, the amount is irrelevent. Once your water gets heat saturated to the cooling ability of your radiator with fans, passive res, bong or what have you, you will then know how well you water setup is cooling. Adding fans to other parts of the loop nets you a minimal decrease of temp, say 1 to 2 degrees C, IF your lucky. Adding a second rad to the loop will be pretty much the same.
The radiator (or whatever you choose) is the most important cooling object in the loop for lowering the water temp. The Thermochill's are supposed to be the best as far as rads go, but also the most expensive I believe. People try all kinds of ways to cool the water, but in the end its the heat saturation point and the radiators cooling ability that determine how cool the water will be.