The water from the jet goes through the 20 ml pipe, inside the 40ml pipe which is the "radiator" and then out through the exhausts.
Matt, small boats are usually used to pound the living daylights out of, in remote water of no passers by. Less things to go wrong means easier conclusion to your day's boating. Did you see Cookie's thread the other day with the heli ride out? Stuff happens to your hull, and having a sandwich plate cooling system just adds to the risk with every impact. At least with the copper tube HX, you can bend the hull, even split it a bit, and still get home with your engine still running. Keep it simple, tried and true.