It's a matter of perspective, regardless of any personal aesthetic inclinations. It's also a matter of degree. As nonsense pointed out, correctly, a 'Good' air cooler will outperform any aio. Upto a certain point. Air coolers are limited in the amount of cooling potential. Even the biggest and best like the Noctua NH-D15 has limits that can be exceeded by high OC on powerful cpus. But those are more extreme cases or mostly the 2013 boards+. For newer lga1151 from skylake and up you are more likely to run into vcore limits than thermal limits, so a good aircooler is all that's required. On Haswell and older cpus, it's possible to exceed an aircoolers limits and this is where the 240/280mm AIO's take up the slack.
For the most part, the...