I read this thread today, doing my preparations for delidding my 6700K using aircooling. Reading the comments with recommendations to not do this when using air coolers, I thought I need to reply.
First of all I'd like to say: you definitely do not require a water cooling configuration in order to justify delidding. From a somewhat technical point of view, it's completely irrelevant what kind of cooling you use in this discussion. The cooling comes after the internal heat spreader (IHS). The domain right now is everything before that. The IHS and how it's set up with silicon glue for the PCB of the CPU and inferior TIM is the thing that you want to get rid of. Regardless of the cooling system that comes afterwards, if you do this properly, then a significant decrease in cooling requirement is realized.
I understand Kalm_Traveler's point that this is for enthusiasts. In fact, I agree with that. But I consider myself an enthusiast (who generally tries to make financially wise decisions, hence no water cooling config yet), just with an air cooler. The best air coolers are still very good options for a bit of overclocking. If you read the better CPU cooler reviews where they establish the efficiency of a cooler (where both thermal performance and noise are factored in (e.g. by tuning all fans and pumps so that 40 DBA are produced, and then comparing the delta temperatures)), you'll find that a Noctua D15 performs almost as well or even better than the best 280MM AIO's. And, as an enthusiast who just wanted a 10 degrees drop under load, I wanted to try this delid first, before moving to a custom loop.
Even though I agree that delidding is more for enthusiasts, my view is that delidding makes even more sense if you have a weaker cooling. Check Youtube for videos from people who actually delidded their laptop CPU's and used liquid metal, and were able to get great results. You'll find some results where people did this to a few (very expensive) previous Macbook Pro 15" models, for example this one from Snazzy Labs:
https://youtu.be/iw4gqfrBN4c?t=374 Via this link it starts at his conclusion which sums it up pretty well: no more throttling (he's mentioning a 15% improvement in performance (sorry, didn't check the whole video again) and less (in your face) fan noise, something that many laptop (especially ultrabook) users will understand.
So, does it make sense to do it with a desktop with an air cooler? Sure, as long as you're aware of the risks (just take it slow and do the IHS removal very carefully) and think it's worth it.
So, my delidding results? Honestly, I am a bit surprised about how well it works. I have a 6700K that is about 3.5 to 4 years old now and therefore (I assume) had a bit older and less performant TIM under the IHS and even under my air cooler. My air cooler is an old but still fine 870 gram (just the aluminum+copper+nickel) Scythe Mugen 2 Rev. B, with 2 Corsair ML120 fans attached to it. These PWM fans can range from 400 to 2400 RPM (this huge range is the reason I bought them). Stock, this cooler comes with 1 Scythe 120 PWM fan that have a range from about 300 up to 1300 RPM, which makes a lot of sense I realize now (read on for the reason).
I currently have it running at 4.6 Ghz with a voltage of 1.4 (which is about 15-20 degrees hotter than running it stock). In my Prime95 Small FFT torture tests I was getting 78 to 82 celcius temperatures when running the 2 fans on my air cooler at full speed (a ridiculous and very annoying sounding 2500 RPM). With the delid, using those same fan speeds, I am getting 52 to 59 celcius. And the nice thing is, when I lower the fan speeds enormously, to a pleasant level (around 1000 RPM), the temperature barely rises. I am running this Small FTT torture test while writing this with 50% fan speed (so about 1250 RPM) and the temperature still hovers between 57 and 60. It seems that the CPU loses the heat just that much more easily. And I have to draw the conclusion that using this air cooler in combination with running these fans at a high RPM does not make sense. There is just not much airflow resistance.
Using Cinebench Release 20 as a benchmark, before I was getting temperatures of around 60 to 65 I believe at full fan speed. Now, I am getting temperatures of between 46 and 50. Same situation when halving the fan speeds to 1250 RPM.
Overall, naturally I am very happy with this result. I did not expect this, especially considering the fact that I ended up not using this die guard
https://www.aliexpress.com/i/32846548144.html in a naked / delidded / no IHS config. The reason is that I first need different screws in order to mount the air cooler properly, because now it's not tightened closely enough to the CPU die (because the CPU is about 3mm less high I guess because of the missing IHS). From what I understand, most CPU water blocks have better (out of the box) adjustability for this, which is an argument for doing this with liquid cooling.
Anyway, I just did a delid with liquid metal, and no reglueing the IHS back onto the CPU PCB. I just dropped the naked CPU (chip with PCB) in the socket, dropped the IHS with liquid metal on the CPU, held it together, and closed the motherboard bracket to secure all parts as if they were still glued together. This is the recommendation of Gamers Nexus who created some very good articles and videos about this topic. This 'config' is definitely something to remember when taking the CPU out though

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Apologies for the long text, hope it helps though.