Is this a good and balanced build?

Solution
Changed to a better board for better overclocking potential. Also, Ryzen needs faster RAM for optimal performance. Price remains similar.

PCPartPicker part list / Price breakdown by merchant

CPU: AMD - Ryzen 5 1600 3.2GHz 6-Core Processor ($197.88 @ OutletPC)
CPU Cooler: Deepcool - Maelstrom 120T 83.6 CFM Liquid CPU Cooler
Motherboard: MSI - B350 GAMING PRO CARBON ATX AM4 Motherboard ($91.98 @ Newegg)
Memory: G.Skill - Ripjaws V Series 16GB (2 x 8GB) DDR4-3000 Memory ($184.99 @ Newegg)
Storage: Samsung - 850 EVO-Series 500GB 2.5" Solid State Drive ($139.99 @ B&H)
Storage: Seagate - Barracuda 2TB 3.5" 7200RPM Internal Hard...

Candan

Honorable
Jul 27, 2014
237
1
10,715
That mobo isn't meant for gaming - especially if you're planning on buying a GTX 1080. Go with the Tomahawk instead.

Otherwise, you don't need a 700w PSU for that rig. 600w is MORE than enough. Even 550w
 
Changed to a better board for better overclocking potential. Also, Ryzen needs faster RAM for optimal performance. Price remains similar.

PCPartPicker part list / Price breakdown by merchant

CPU: AMD - Ryzen 5 1600 3.2GHz 6-Core Processor ($197.88 @ OutletPC)
CPU Cooler: Deepcool - Maelstrom 120T 83.6 CFM Liquid CPU Cooler
Motherboard: MSI - B350 GAMING PRO CARBON ATX AM4 Motherboard ($91.98 @ Newegg)
Memory: G.Skill - Ripjaws V Series 16GB (2 x 8GB) DDR4-3000 Memory ($184.99 @ Newegg)
Storage: Samsung - 850 EVO-Series 500GB 2.5" Solid State Drive ($139.99 @ B&H)
Storage: Seagate - Barracuda 2TB 3.5" 7200RPM Internal Hard Drive ($59.99 @ Amazon)
Video Card: EVGA - GeForce GTX 1080 8GB FTW DT GAMING Video Card ($568.89 @ B&H)
Case: Phanteks - Eclipse P300 Tempered Glass ATX Mid Tower Case ($63.98 @ Newegg)
Power Supply: Cooler Master - MasterWatt Lite 230V 700W 80+ Certified ATX Power Supply
Case Fan: Corsair - CO-9050015-BLED 52.2 CFM 120mm Fan ($11.08 @ OutletPC)
Case Fan: Corsair - CO-9050015-BLED 52.2 CFM 120mm Fan ($11.08 @ OutletPC)
Total: $1329.86
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2017-12-18 14:37 EST-0500

The cooler is decent but not the best of performer. You can get some clocks beyond the stock though...
http://www.hardwarecanucks.com/forum/hardware-canucks-reviews/68060-deepcool-maelstrom-120-water-cooler-review-5.html
https://www.techpowerup.com/reviews/Deepcool/Maelstrom_120/9.html
If you dont own it already, it is not recommended.
 
Solution