Watercooling is based on the thermal load in watts added into the coolant from your CPU and possibly GPU (If also liquid cooled by the same loop). The waterblocks are built for the CPU socket, it has nothing to do with the motherboard chipset or features other than supporting the correct socket and mounting size.
You do not have to overclock to watercool. You also do not have to watercool in order to overclock. These are not mutually inclusive.
My recommendation - read a lot of watercooling stickies, DIY, build logs, etc. as well as check out videos on YouTube on how-to's. Jayztwocents does a pretty solid job of explaining watercooling in his videos. I actually agree with 99% of all his watercooling advice - it is pretty spot...