Ok, let's stir things up a bit...
I've come across some unsubstantiated information that states that a TEC does NOT spread heat, it carries it quite linearly.
I have to assume, for the sake of common sense and for safety, that the heat spreads would flow ******d at ~ at 45 deg angle, from the heat source (CPU die). Given a 1/4" cold plate, the two ceramic (?) layers that constitute a TEC, and a water block base plate, what's the resulting area that actually requires cooling? Is it less than a typical 40 mm by 40 mm TEC?
Here's another mystery: does the cold plate bend or flex, when clamped, and by how much? Does it impact performance?