It would FUBAR the PSU in very short order. [/electronic engineer talking]
If the PC switches on at all, that is. [/PC techie talking]
@Newf
Just for the hell of it, I've sourced a 240VAC transformer, with multiple outputs (6V to 24V, in 2V increments) from Mantech, ordered the damn thing (along with a horde of components, for power regulation/filtering/switching circuits - if the transformer survives, it's probably going to get hacked into my UPSU concept) and I'm going to compare 3 12V waterpumps under load - one at 12V, one at 14V, and one at 16V.
The point, I'm guessing, is to boost the cooling characteristics of the cooling system. So I'm looking at this and going about this the way an engineer would - it's my training, I can't help it.
The thing won't take the CPU to below room temperature no matter what. That's a given. So let's assume the room temp at 25ºC - a very average figure, my room temp is closer to 15ºC - for simplicity.
At 25ºC, let's assume the CPU temp at idle to be 35ºC. At load it goes up to 50ºC. Okay, increasing the flow rate means more water through the head and through the radiator. The only effect that pushing up the pressure/flow rate is going to give is that the load temp is going to go down by about 5ºC, ditto the idle temp. To fully capitalise on this one would have to upgrade the radiator fans as well.
Increasing the flow rate on the fan(s) on the radiator will probably have a greater effect anyway.
Quite frankly, it'll be cheaper, more effective, and less effort in the long run to only upgrade the fans on the radiator instead of hacking a PSU to overvolt the pump.
As for overvolting a 240V pump... easy. Autotransformer. That's it. I can get one made to take 240V up to, say, 250V... but single-phase AC motors are self-limiting i.t.o. speed, so overvolting it only means it can maintain it's rotational speed under heavier loads, and burn out faster. I'm not going to experiment there. [/far too much experience with 3-phase AC motors to want to muck about with it in my spare time]