I'm not sure how you will make an efficient heat transfer, and due to the way WC loops work, don't think a uber high flow loop would make any diff. Unless you mean pulling the heat to a fully diff place away from the PC room. Then you would use a heat exchanger, even Koolance makes them. No air channels, all water flow. Not cheap.
I'm aware heat exchangers aren't cheap. Neither is my system. I have a custom built DIY chassis with lots of space, as it is for far more than JUST my PC.
When I'm finished my liquid cooling system will be cooling all of the following
-Crosshair V Motherboard (With a full coverage waterblock)
-Vishera 4.0GHz AM3+ CPU (With a 240watt peltier block)
-4x 8GB 2400MHz DDRIII R.A.M.
-Radeon 7990 (possibly 2 in by 2014)
-GTX 460 as a dedicated PPU (It's leftover from my old build. I know it's overkill for a PPU but it's better than leaving it in the closet doing nothing)
-An XBox 360 Corona GPU/CPU
-A Windows 95 computer CPU
-4 SSDs
---Potentially more
Physics dictates that the more waters flows through the heat exchanger the more surface area will be accounted for, thus translating to increase heat transfer. Having fluid flowing in opposite directions would, in theory, add massive thermal transfer to the heat/exchanger.
I will NOT have the two loops flowing into the same reservoir as I want to use Ice Dragon Nano-Fluid for the high pressure loop (It is said to add up to 5degrees Celsius improvement compared to any other fluid, even distilled deionized water)
The hope for this loop is to allow me to have an ultra high flow rate system cool the loop, while a I have a moderate flow rate system actually flow through the waterblocks/heatsinks. This would, hopefully, also decrease the chance of malfunctions, leaks, and increase the life of the system.
There are a LOT of heat exchangers out there, not just the one you linked, though most of them take the form of dual loop passive radiators.
EDIT: The second loops radiators are OUTSIDE the chassis venting to one side on an outtake. The original loop is all intake cooling on the opposite side of the second loop. On top of those I will have additional intake and outtake fans throughout the system to make proper air circulation.