Initially, once liquid cooling was set and liquid flows to cool your cpu... you don't wanna dismantle it again for some reason, it's like cpu cooling is designed to last. So you may wanna choose the kit you want to use.
Getting back to bigwater 840 here are some information that may help you decide:
If you look at the CPU block it is made of copper while the radiator is made of aluminum. Aluminum and Copper in direct contact will produce Galvanic corrosion (dissimilar metal corrosion) which could cause leak after few years, unless you use distilled water mixture with anti-corrosion coolant.
Pump quality and performance, flow rate, loop restriction, loop complexity, etc. Separately sold pump is provided with a flow curve and few details where you can study the performance of the pump (known solid pumps: MCP655 or MCP355).
Not sure about the fittings, reservoir, tubing quality, imo during the operation there will be pressure and high temp flows in these components so good installation is a factor aside from material quality, you don't want to have a leak or air in the loop in just few weeks.
I would go to this if you want more reliable cooling and quite computing, and you don't wanna spent more bucks on cooling: Cooler Master Hyper 212 EVO
http://www.newegg.com/Product/Product.aspx?Item=N82E16835103099