Thanks Nibs! I was using 50/50 antifreeze and water, and still am. The block had a mirror finish. I also cleaned the CPU's thermal dissipator, applying fresh heat paste. The paste I used was Koolance's "brand" that came with the block. Probably not as good as Arctic Silver, but I was out of that and I didn't want to go to Wilsonville and get more
I was also about to use just straight water, but I went with the antifreeze coolant mixture because I was worried about corrosion in the radiator, as it's intended use is not watercooling a PC. I am not even sure what it is made of, probably some aluminum alloy. I have also heard about some metals interacting with each other in water systems, causing faster corrosion or "thermal barrier crusts" on your waterblock.
Anyways I left the computer on last night, hoping to burn in the thermal paste. I am also using a different program for measuring temperatures, but there is a notable difference.
NEW TEMPS
With a room temp of 22*C, idle temp is 25-27*C and load temp is 38*C. Not bad! I am now getting much better temps than I could have dreamed of on the old air cooler. The only fans I have running on the radiator are two 80mm case fans.
--TIP-- Don't use SpeedFan for monitoring temps. It is inaccurate in reading temps, at least it was for me. Instead I used CoreTemp, it seems to be much more accurate in reading temps. I judged accuracy by rebooting and looking at the BIOS's "PC Health Status" section. The radiator is also completely passive at the moment, all fans are stopped. SILENCE IS BEAUTIFUL.