Honestly, there is NO air cooling that can dissipate 200W of heat.
a 131W peltier on a Duron would dissipate nearly 200W.
First of all, most ATX powersupplies cannot power a 131W peltier. It would require about 11A on the 12V line which would fry most systems, even if it did not have any other components. You would require one of those 500W server supplies or an indipendent, high current supply.
200W of power might actually be hard for a water cooler to dissipate. You'd have do have a DAMN well constructed cooling block and radiator. I would recommend using some kind of vapor phase cooling with this setup but Freon has too high a boiling point. Maybe a vapor phase cooler with an alcohol solution would be best.
BTW, peltiers are rated both at wattage and temperature differential. Be careful you didn't buy a cheap peltier that can run a high current but won't do much temp differential. More expensive and higher quality peltiers have a greater delta-T (temp differential).
Honestly, if you seriously think running a 131W peltier will help you much unless you have studied some Thermodynamics, you are mistaken.
Take off the peltier and go buy an GlobalWin fan and live with that.
Even a FOP38 from GlobalWin couldn't dissipate all the heat from a 50W peltier.
I hope you have taken adaquate condensation precautions or you're likely to fry both your CPU and motherboard.
Good Luck
Sincerly,
Eric