My opinion on tubing size is this:
1/2" tube is great for MAX performance while still fitting completely within a case, but it can be a hassle to get the tubing run and not kinked.
3/8" tube is much easier to work with, but does remove some of the potential performance from the system. If you are not trying to get the MAXIMUM performance from the system then it can be a very good compromise because it can, with a well done setup, get temps very nearly as good as a 1/2" tube system.
1/4" tube is very easy to install in a case and can do a fine job, but the POTENTIAL cooling of a 1/4" system is much more limited. Nevertheless, it can be great for quiet, mid-range overclock systems.
I think that most of us here use either 1/2" or the 7/16" tube for our systems because we want to have the
potential cooling, even if we don't always use it.
A 3/8" tubed system should be fine for most "normal people" (Though I am not sure if that statement can be used with water coolers at all.
)