You might have won, you may have lost. Either way, some chips "lose the lottery" on air but perform well in water cooling.
Some do really well on air, but fail to scale clocks on liquid.
Set your 8700K to 1.40V and run 5.0 GHz clocks. If you hit that clock stable in stress testing, you won the consolation prize. Hitting 5.2 GHz on 1.4V or less is winning the lottery IMO.