The block seems fine, but what really needs to be addressed is where your cooling is actually supposed to go. The reason we put up with the poor cooling of 1U racks is because they take up less vertical space; that's the trade off, but if you need more performance you put in several units; i.e- instead of one 3U system with dual or quad processors, you have three 1U systems each with dual processors but limited (or noisy) cooling.
I just don't see the appeal of using liquid cooling for this, as there's nowhere to put a radiator inside a 1U rack, which means going external, which means you've defeated the whole purpose of using a rack in the first place.
And really, what server setup needs to push an individual 1U system so hard that liquid cooling could make a difference?
It might be a different matter if we were talking about a bunch 1U systems, each with liquid cooling connections on the back, and all hooked up to some huge radiator system for the entire rack, but again, something like that would defeat one of the big advantages of rack systems which is ease of maintenance.
I'm just not sure what advantage this could possibly offer over simply putting your rack in a room with good air conditioning?