Its really hard to say if one of the two video cards is bad, especially if it worked fine before. Only thing I sugguest, is to test the cards one at a time, before sending it in for RMA (if the warranty still covers it).
I know its going to be somewhat a pain for you to adjust your cooling system to run one card at a time.
The only other thing that comes to mind, that can be a possible problem causing it not to work, is the PSU. What PSU do ya use?
I am just guessing. I know you said you just added a CPU block, but does anyone know, if that would cause additional strain to the water pump?