Basically, the closer the water temperature gets to that of the air flowing into your radiator the 'harder' it becomes for the air to extract more heat away from the water. This follows 'the law of diminishing returns' - so if increasing the surface area of the radiator by say 50% gives you a X°C decrease in water temps, then you might need to increase the surface area by a further 200% to give you a further X°C decrease in water temp, etc. But we're talking about very small decreases here.
I think what is more important is that the heat dump of the components you are cooling doesn't exceed the ability of the rad to shift that heat. So, a decent double rad will be more than sufficient for 1 CPU block + 1 GPU block. Some people would say a triple rad is overkill in this case but overkill is ok as long as it's not too expensive
Masterkleer 7/16" tubing is great stuff. It's more difficult to push onto your barbs (might need to immerse the ends in hot water) but equally it's more difficult to pull off, so you have the extra confidence about minimizing leaks.