Heatpipes are great at moving lots of heat, but they need high differences of temperature before they are particularly effective.
Copper moves heat in three dimensions. HOPG, a type of graphite moves heat well in two dimensions, but poorly in the third.
Buckytubes would be great at moving heat in one dimension, but poorly in the other two.
This means that the heatspreading ability is related to the 3rd power of the size of the metal, the 2nd power of the size of the HOPG, and the first power of the size of the buckytubes.
So, to get the same effect as twice the copper, you'd need about 2.8 times the graphite, or 8 times as much buckytubes.
So the optimal shape of a metal heatspreader is a disc, the optimal shape of a HOPG heatspreader is a highly elongated oval, and the optimal shape for a buckytube heatspreader is a really long, narrow cone, with the thinnest part on the cpu.
Taking into account the extra volume requirements, you'll see that metal is the easiest material to fit. And some heatsinks are currently approaching humongous size.