Except that they really don't produce less noise while doing so, unless you ignore coolers made for low noise, or go for a rig that simply does not have room for sufficient air cooling (I could not fit a NH-D15, or NoFan cooler, in my PC, as examples, and several air video card coolers would need custom mounting, or just not fit). The linked review is quite fair, in that regard, while many aren't, IMO. The temperature improvements are almost always at the expense of noise, not usually even from fans. But, air coolers max out much sooner, due much to limited space, and positioning options. The NH-d15 isn't truly
that much better than the NH-D14, FI, but neither are usually reviewed in a way that shows their strengths (I think most cooling equipment reviewers are half deaf, already

).
Heatpipes are basically water moving heat, and the fin spacing issues work out about the same. Of course a low-FPI radiator, even small, can beat a high-FPI heatpipe cooler by a great amount, at moderate noise levels, and that's usually how the comparisons go. Likewise, with high-RPM fans, a high-FPI cooler of either kind will blow a low-FPI one away, with AIOs doing especially well, there.
On a more common midrange OC system, like say an mfenn build from any given week, or a bit better, you could get 90%+ of the performance, with less noise, and at far lower costs, from good air cooling parts. More or less what that review had and shows. The power density needs to be up to a certain minimum, varying by case, GPU, and motherboard choices, to make cooling by water truly worth it, over air (FI, you cannot very quietly cool multiple high-end GPUs, without going water--even the latest Windforce 980s will get you past 40dB@1m, assuming no hot air recycling, or pressure-related dead zones--and suitable single-GPU air coolers can take up to 5 slots!).
Those coolers tested on an OCed LGA2011-3 8C CPU, or OCed FX-8/9 series, now
that would be interesting (and, I suspect that then, the Swiftech water units would have a truly
commanding lead, rather than being marginally better than the NH-D15).