That's not a wise idea. Water cannot dissipate thermal energy very well on its own when in a sealed container. Temps would continue to gradually rise. Even with a 20L reservoir, under load for a few hours, that would easily be very, very warm and causing your temps to still be warm.
I would disagree- it does address your problem, although not the problem of lacking a drain. You'd possibly want to add one if you think you need one - why didn't you add one when you built the loop? However, there isn't much of a way to drain the loop without just disconnecting a fitting, venting the radiator and draining it by tipping.
It does not matter where the fitting is, you aren't going to be running the pump or PC while you drain anyway, so inlet or outlet, doesn't matter.