Does liquid-cooling GPU affect fps?

[Death Prodigy]

Without liquid cooling and with overclocking, two GTX 780 Tis would get 30+ fps with max settings and 4x MSAA turned on in the most demanding levels is Crysis 3, at 4K resolution. Since the monitor is 60Hz, 30fps and above would be perfectly playable. Would the fps increase with a liquid-cooling GPU solution?
Also, no it won't bottleneck my CPU.

 

[Demorthus]

Yes it would affect GPU performance, it would allow it to reach GPU boost more often/longer & DEFINITELY give you headroom to OC with lower temps.

 

[sunder25]

It depends on how high your temps are now. If your load temps are <75-79 celsius, you won't gain fps by watercooling. If they reach 80, then the boost will turn off so you will lose some fps. -this is if 80 degrees is the target temp for the cards.