It's a great method of moving heat. Liquid moves a lot more heat than air and you can use a much smaller heat sink. I did that for a while and used 1" square thin wall aluminum tubing and 3/8" nylon hose. The downside to that is; all the complexity, power and heat you're getting rid of by going LED gets nullified by running an extra pump and refrigerator. The pump uses power and makes heat. The fridge uses a LOT of power and makes more heat than it removes (in the aquarium room). If you're getting rid of equivalent halides for the LED conversion, your heat in the aquarium room goes way down, making air cooling more efficient. I'm currently not using a fan on my 2 10watt sump lights. Just a chunk of 4x4x1/8" aluminum angle. The heat is soaked by the angle and radiated up (since heat rises...) into the floor of my DT. The diodes get hot, but I'm really not worried about a couple $10 diodes lasting 50,000 hours. I run my sump lights on a mostly reverse schedule to my DT, so they take some load off the heater for the DT when it's cool at night, not appreciably but some.
A piece of square aluminum tubing (exhaust ducted away from your aquarium setup) with a fan would definitely cool the LEDs plenty and keep the heat away from your DT if you're concerned about that. If you're struggling with keeping your DT temps down, remember that a fridge or chiller has to exchange the heat somewhere and if it's in the same room as the DT, that hot air is right back where it started without proper air circulation.
Anyways, the cool thing about LEDs is simplicity and efficiency. Overengineering sort of defeats the purpose.