Looks like a huge hassel to me. I would just get a regular air to air intercooler. Then alll you have to do is wory about mounting that and not a hughmongous(sp) water tank besides. I'm not sure how a water intercooler works but it seems like you would have to keep cold water in it for it to be effective. Water gets heat soaked just like an intercooler does. I would say that that intercooler would be good for track purposes only. But if that's what your buliding your car for I'd say it could work. Best of luck to you whatever you decide.:thumbsup