You should be able to go way higher than that... i run mine at 1.52V 5GHz constant, no issues, currently 13oC delta.
Im not saying you do that, you have a different chip, but to spend the time and effort watercooling to get 100MHz is pointless. Up the volts to 1.4 and the clock to 4.8GHz. See if it boots. If it does, test it.
Don't worry about the air. That will take days to come out, thats what the reservoir is for, just make sure the flow rate is good.
Also set the bios to shut down when the CPU gets above 70oC (rather than the standard 90oC) on a watercooling loop, because if the pump fails, it will get there almost straight away.
Also, how are you measuring temps? CPU packages, or cores, and with what program. I get those temps (Prime95 max heat) at 5.0GHz (granted i have a much larger radiator), so I think you've got a lot more head room.
Ensure that Q-fan is switched OFF in the bios and that the pump is connected to a molex and make sure the radiator fans ramp up with temp.
Also, do you have room to push-pull on the rad?
Apart from that nice work.
Here's mine (old photo):