Thanks all for the input. Seeing that I already bought the used fridge and modified it for my needs, I'll continue with my original idea. From what you guys are saying, it probably will not work

, but might as well still try. I am still along the line of thought that my setup is still using a radiator like more common setups, just that it is located within the freezer section of the fridge. The same goes for the utility box that is acting as a reservoir. So it seems that the difference between my planned setup is not that much different from a common radiator fan setup. Instead of being housed inside my computer case, it is in a dorm fridge. If necessary, I can always add fan to the freezer section too.
It would seem that my planned setup should be fine for a Tbird 650 overclocked to who knows what. It may struggle if I do get my AXIA Tbird "C" 1GHz, but that is a concern to deal with if I do get the chip.
Thanks again, and if you have any other ideas, tips, or concerns (other than further reducing the power supply here in California,) let me know.