Good question,
Ralph,
Although the obvious reason is that liquid metal rapidly corrodes aluminum, which the base of some coolers contain, the less obvious reason, other than thermal conductivity, is "pump-out". But before I explain that, here's the short list in order of thermal conductivity:
Indium - 81.8 W/mk (Used in processors with soldered IHS)
Liquid Metal (IHS to Die)
Thermal Grizzly Conductonaut - 73.0 W/mk
CoolLaboratory Liquid Ultra - 38.4 W/mk
CoolLaboratory Liquid Pro - 32.6 W/mk
Typical Silicon TIM (IHS to Cooler)
Thermal Grizzly Kryonaut - 12.5 W/mk
Arctic Silver 5 - 9.0 W/mk
Arctic Cooling MX4 - 8.5 W/mk
Delidding requires that you use
only liquid metal between the Die and IHS. Typical silicon TIM will fail in a relatively brief period of time. A process known as “pump-out” will cause silicon TIM to ooze out from between the Die and IHS due to thermal cycling. The result is Core temperatures that begin low and gradually increase according to how often you use your PC, and under how much load.
The effects of pump-out can become apparent in as little as 2 weeks, depending on which "brand" of silicon TIM was used. Arctic Ceramique stands up comparatively well, but also fails within about 2 months. Regardless of the "brands" used, TIM failure requires another delid and TIM application.
Although Intel's much criticized TIM is highly resistant to "pump-out", some 3rd and 4th Generation 22 nanometer processors, (launched 2012 through 2014), may no longer cool as well as when new due to "dry-out". When these older processors are delidded, Intel's TIM has the consistency of chalk.
Now that Intel is soldering 9th Generation processors, here's a good read that explains why Intel switched to TIM on 3rd Generation, and the problems involved with soldering "small die" processors:
The Truth about CPU Soldering - http://overclocking.guide/the-truth-about-cpu-soldering/
Although 9th Generation is soldered, the Die and solder are both considerably thicker than earlier Generations, which adversely affects thermal conductivity. Here’s a detailed explanation by Mechatronics Engineer, Roman “der8auer” Hartung -
https://www.youtube.com/watch?v=r5Doo-zgyQs
CT