The Air-Water chargecoolers work great, and give you a real flexibility if -say the engine is at the back of the car- but they are heavy, and you still need a rad at the front to get rid of the heat building in the water (unless your drag racing when a bucket of ice although up to 70deg at the end of the 1/4 has done what it needed to do!)
I have considered many times as the short nature of the hillclimb could mean they are well suited, but the weight and having to have a pump and water stuff everywhere put me off!
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Type 85 80 quattro hillclimb car 10vt power 
VW T5GP 2700 Bluemotion work mobile
BMW E46 330d sport touring manual - FOR SALE!!!! (well, its not got 4 rings!!)
A4 2.8 avant quattro daily - Written Off
100 avant quattro auto 2.8 - Sold
100 avant 2.6 - Scrapyard/Written by lady with no eyesight
VW Golf mk2 - 1st Car - Sold far too cheap!
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