I think the supposed issue is nickel (the most common waterblock coating) has a much lower thermal conductivity so you might lose a degree or two under load vs a bare copper block.
Which kind of makes sense: people who know what they're doing use liquid metal to squeeze out that last couple degrees vs PTM/graphene so going bare copper and dealing the the buildup problems maybe makes sense for them too.
He mentions in this video that liquid metal really should just be for the extreme overclockers who don't mind changing it out and resurfacing their waterblocks regularly which is good advice. The fact liquid metal is even semi-mainstream and comes standard on any consumer hardware is kind of stupid.
Note as well that I said heat density - different benchmarks (or applications) will load the CPU differently, and the same amount of power consumption will result in very different heat outputs (heavy single core use will result in part of the die and heat spreader getting really hot, whereas heavy multi core use will result in the whole die and heatspreader getting kinda hot). If the heatsink has a very high surface area and high airflow it might have the ability to dissipate quite a lot of heat, but if the contact surface sucks (or is aluminum) it might not actually be able to transfer heat away very effectively without a massive temperature delta - resulting in high CPU temps for single core use even with a high cooling capacity for multi core use, for example.
Your average person can’t understand all of these variables, and the average reviewer can’t control for all of them. So, “this CPU with these benchmarks in this case with this fan configuration” is the best you can really expect. Because otherwise, what reporting are you actually going to do? “This cooler with 3.2CFM of 26C airflow on a CPU dissipating 80W on one core and 10W on the other 7 cores results in a peak core temperature of 87°C and a package temperature of 81°C” is not useful reporting. Especially because, when the average person doesn’t understand it, they’re gonna buy a case fan that says 3.2CFM on the box and then wonder why their CPU’s throttling.
Another in depth article could then even analyze CPUs and how they themselves differ from that reference contact patch, and their own thermal resistance from each core to their surface.
And yeah, I know this is more work. The point is that doing the work allows the results to be used and compared across articles, even when some things are subtly different (eg contact patch). The problem is we're missing a strong incentive for these things to be objectively comparable, rather than having to read article after article and getting tripped up in the details.
There are exceptions to the above, like GamersNexus, who do take a slightly more scientific approach to things, but at the end of the day, most people don't care.
> PTM thermal paste—most famously known as Honeywell PTM7950—is a Phase Change Material (PCM) used as a high-performance alternative to traditional CPU and GPU thermal paste
Application Demonstration: https://youtube.com/watch?v=Y60A_589wj8
Now, I personally have had two builds with LM. One with LM as the material for a CPU re-lid, and another for a direct-die application. Neither touched aluminum or untreated copper.
The re-lidded CPU is still going strong, no issues. But with the direct die application, I found the performance to significantly degrade after two years. Apparently there's a pump-out effect.
I ended up switching to PTM. Same temps as LM, but zero degradation so far.