The kit from Swiftech will perform better than the one from Koolance - and not just because of the ID of the tubing and parts. There is a thread in the coolers & heatsinks showing a comparison of most major highend cpu blocks including the Koolance 330 and the two best were the Fuzion and the GTX blocks.
While there is nothing wrong with kits like the Koolance brand - most enthusiasts subscribe to the DIY frame of mind. Kits like Koolance, Big Water, Cooler Master, Gigabyte, Alphacool and Asetek serve their purpose and do what people need them to do. Indeed my very first foray into water cooling was the Cooler Master R-80 and for the time I used it I loved it.
However, I see that the updated Koolance Exos-2 LX from the Koolance site does not come with any water blocks and is, itself, only a dual 120mm rad setup. Yet, the MSRP is $375.
I will acknowledge that the CPU block is pretty good. However, the full body GPU block is not condusive to maintaning a good flowrate - too many bends and turns. I'd never advocate fullbody water blocks. Your better off with something for JUST the GPU core and using ramsinks for the memory and voltage regulator/mosfets.
Spikerjack - just to show you how nice those Stealths are - In using a fullbody GPU waterblock from DangerDen for my 8800GTX, I was getting up to 56 degrees celsius at load. With the Stealth, I float between 43 - 46 Degrees celsius on load.
ferr - I'd use a mill of some sort (like a mini mill) to ground contact points on a water block before I'd even think about a dremel. This is because, with a mill, you will have equal measurements across the board and a steady fixture to hold the block to make certain that all grinding will be equal everywhere.