There is no instance where a CLC type water cooler beats a comparable priced air cooler. For example, for a $110 Corsair H100i to get close to a $90 air cooler (Noctua NH-D15 / Cryorig R1 - Universal), it has to be 12 times as loud and still it loses by 3C. And the Scyther Mugen Max matches the performance of the those $90 air coolers for just $37 ... so does the Scythe Fima for $45
This review listed the allowable CPU height as "about 160mm".
http://www.overclockersclub.com/reviews/cougar_mx300_review/4.htm
The Mugen max is 161 / the Fuma is 149 mm tall so that would be my recommendation here
It will crush anything else in its price range, most of which it tops by 10C